A-FLOW Properties I Corp. (A-FLOW), a joint venture of Ayala Land Inc. (ALI) subsidiary AyalaLand Logistics Holdings Corp. (ALLHC) and FLOW Digital Infrastructure along with Land Bank of the Philippines (LandBank), announced the signing of a P2.4-billion loan agreement representing the first tranche of a P10.8- billion 10-year loan.
The signing of the loan agreement underscores the mutual commitment to advancing the nation’s digital infrastructure and supporting the Philippines’ transition towards a digitally-integrated economy.
The loan facility is intended for the development of the initial phase of the first A-FLOW data center campus located in Biñan, Laguna.
Currently under construction, the 6MW-IT capacity Phase 1A of the three-building data center campus project is targeted to be ready for service by the end of the year.
“This agreement marks a significant step forward in our shared commitment to develop the largest carrier-neutral data center campus in the Philippines. We are excited to build an ecosystem to attract a combination of international hyper-scale customers and local enterprise customers,” A-FLOW president Amandine Wang said.
LandBank president and CEO Ma. Lynette Ortiz emphasized the importance of collaborating with key stakeholders.
Essential for dev’t
“Beyond our work with various government agencies, we recognize that partnering with key players like A-FLOW is essential for advancing national development. In this era of rapid digitalization, we are likewise ready to drive investments into the local data center market, alongside other sectors contributing to our nation’s technological progress,” she said.
“This is the first data center project financed by LandBank, and with this new partnership, we are confident that this project will yield significant economic benefits,” Ortiz further commented.
For ALI president and CEO and ALLHC chairperson Anna Ma. Margarita B. Dy, digital transformation, cloud computing, and the rise of artificial intelligence are technologies that require robust and scalable data center solutions.
“Ayala Land is proud to be participating in this new opportunity leveraging our land and our lucrative abilities to contribute to the country’s move towards a digital economy,” Dy said.
“Like any other infrastructure project, capital is key. So, we thank LandBank for the P10.8 billion loan facility to A-FLOW, a critical enabler for this project,” she added.
