Benise Balaoing

Tenants leave the premises of Greenbelt 1 in Makati City on April 1, 2024, carrying their respective consumer goods, a day before the scheduled demolition of the mall.  Designed by the National Artist for Architecture Leandro Locsin, the mall closed its doors to pave the way for the construction of a modern complex set to open in 2028.

Jonathan Cellona, ABS-CBN News

Tenants leave the premises of Greenbelt 1 in Makati City on April 1, 2024, carrying their respective consumer goods, a day before the scheduled demolition of the mall.  Designed by the National Artist for Architecture Leandro Locsin, the mall closed its doors to pave the way for the construction of a modern complex set to open in 2028. Jonathan Cellona, ABS-CBN News

Article (news)

GREENBELT MALL

ABS-CBN News

MANILA -- Ayala Land is getting a P12.87 billion loan to rebuild the Greenbelt 1 in Makati and build a new mall in Cavite.In a statement, Ayala Land said it is getting a second sustainability-linked loan of up to P12.87 billion ($225 million) from the International Finance Corporation (IFC) to rebuild Greenbelt 1 and build Ayala Malls Evo City in Cavite.Designed by the late National Artist for Architecture Leandro Locsin, Greenbelt 1 was demolised in April to pave the way for the construction of a modern complex set to open in 2028.<div><iframe src="https://www.facebook.com/plugins/video.php?height=315&amp;href=https%3A%2F%2Fwww.facebook.com%2Freel%2F1132114241314474%2F&amp;show_text=true&amp;width=560&amp;t=0" width="560" height="430" style="border:none;overflow:hidden" scrolling="no" frameBorder="0" allowfullscreen=""></iframe></div>Ayala Land said the construction of two malls alone will create 1,000 jobs. Once open, merchants in both malls can collectively employ about 3,000 workers.The company said the loan is linked to its achievement of specific sustainability performance targets, including reducing greenhouse gas emissions by 42 percent across its commercial leasing portfolio by 2030.Ayala Land president and chief executive officer Meean Dy said embedding sustainability into the company&#x27;s projects improves customer experience and protects long-term value for its stakeholders.“Our partnership with IFC demonstrates that sustainable financing is not only achievable, it’s scalable,&quot; she said.&quot;This is a model for how we will fund our growth in the future,&quot; she added.Ayala Land first got a sustainability-linked loan from the IFC in 2024.

Ayala Land is getting a P12.87 billion loan to rebuild the Greenbelt 1 in Makati and build a new mall in Cavite.

Ayala Land is getting a P12.87 billion loan to rebuild the Greenbelt 1 in Makati and build a new mall in Cavite.

Ayala Land borrowing P12.87 billion to rebuild Greenbelt 1, build new mall in Cavite

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Ayala Land borrowing P12.87 billion to rebuild Greenbelt 1, build new mall in Cavite

Benise Balaoing,

ABS-CBN News

Published August 29, 2025 12:50 PM PHT

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Updated August 29, 2025 01:51 PM PHT

Read More:

Ayalan Land

ALI

Greenbelt 1

Makati

Cavite

mall

property

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