Stock News 2011: UP and ALI sign agreement to develop Integrated School Proper

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The University of the Philippines (UP) and Ayala Land, Inc. (ALI) recently signed the contract of lease for the first University Town development in the country at the UP Integrated School (UP-IS) property.

The UP-IS Property will be developed into a mixed-use project consisting of both retail and office components, with firm emphasis on academic support facilities.

The project presents a good opportunity to service the needs of the students, office workers and residents in the immediate vicinity.

The project will involve the construction and operation of a retail establishment and a combination of headquarter-and-BPO-type office building in the UP-IS Property as well as the donation of a new UP-IS building to be constructed in a more suitable location within the main campus of UP Diliman.

http://www.mb.com.ph/node/325044/up-and-ali-