Ayala says P24B price for FTI reasonable

Posted at Aug 16 2012 10:36 AM | Updated as of Aug 16 2012 06:36 PM

Ayala Land does not regret buying the government's Food Terminal property in Taguig despite the hefty price tag of P24 billion.

Ayala Land's bid topped Robinsons Land's offer of P15 billion and Megaworld's P11 billion. The nation's biggest developer says the Ayala group has the cash to fund the acquisition and it has ready resources in case additional funding is needed. [email protected], August 16, 2012