Project unveiling AYALA Land subsidiary, Cebu Holdings Inc. and the Gaisano’s Taft Property Venture and Development Corp. are set to unveil their first real estate venture project designed to further enhance the Cebu’s growing tourism industry. The two real estate firms had earlier formed a joint venture company to develop a 14-hectare property in Punta Engaño, Lapu-Lapu City. The estate is envisioned to be the country’s next world-class leisure estate with diverse product offerings. The development will be a coastal leisure hub, highlighting the natural features of the location and providing a unique eco-fun experience for locals and tourists to enjoy. The natural ecosystem will be maintained and enhanced by the sustainable brand of development Ayala Land is known for. The estate will complement the existing offerings in Mactan and is expected to help enhance Cebu’s tourism industry, attracting billions in investments.
Upon full development, it is expected to generate thousands of new jobs for the local economy.

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