Ayala Land to invest $1.5B in Makati real estate development

Ayala Land plans to invest an additional $1.5 billion to continue retail and real estate development in Makati City in the next five to six years.

Ayala Land president Bobby Dy says that's more than double its $1.4 billion investment in 2012 when it established six districts, including the Makati central business district and the Ayala center.