A-FLOW Properties I Corp. (A-FLOW), a joint venture between Ayala Land, Inc. (ALI) subsidiary AyalaLand Logistics Holdings Corp. (ALLHC) and FLOW Digital Infrastructure, recently announced the signing of a P2.4 billion loan agreement with Land Bank of the Philippines (LANDBANK) in what may be considered a groundbreaking move to help accelerate the Philippines’ digital transformation.
This agreement marks Tranche 1 of a larger PHP10.8 billion 10-year loan facility dedicated to advancing the nation’s digital infrastructure.
Photo shows Robert S. Lao (5th from left), AyalaLand Logistics Holdings Corp. (ALLHC) and A-FLOW Chairman, while shaking hands with Lynette V. Ortiz, President and CEO of LANDBANK, during the agreement signing. Joining them were (from left:) Ayala Land, Inc. (ALI) Vice President and Treasurer Jose Eduardo A. Quimpo II, ALI Senior Vice President, CFO and CCO Augusto D. Bengzon, ALI President and CEO and AyalaLand Logistics Holdings Corp. (ALLHC) Chairman Anna Ma. Margarita B. Dy, FLOW Digital Infrastructure CEO and A-FLOW Properties I Corp. (A-FLOW) President Amandine Wang, LANDBANK EVP and National Development Lending Sector Head Ma. Celeste A. Burgos, LANDBANK Vice President Lucila E. Tesorero and LANDBANK Vice President and Corporate Banking Department 1 Head Jell B. Ong.
Building the Future with A-FLOW’s Data Center Campus
The loan facility will fund the development of the initial phase of A-FLOW’s first data center campus in Biñan, Laguna. Currently under construction, Phase 1A of this ambitious project will deliver a 6MW-IT capacity and is slated to be ready for service by the end of the year.
This state-of-the-art data center is set to become a cornerstone of the Philippines’ digital ecosystem, driving both local and international digital growth.
A-FLOW’s state-of-the-art data center to become a cornerstone of the Philippines’ digital ecosystem
A-FLOW President Amandine Wang expressed her enthusiasm for the project, stating, “This agreement marks a significant step forward in our shared commitment to developing the largest carrier-neutral data center campus in the Philippines. We are excited to build an ecosystem to attract a combination of international hyperscale customers and local enterprise customers.”
A-Flow and LANDBANK: A strategic collaboration for national development
LANDBANK President and CEO Lynette V. Ortiz highlighted the strategic importance of the collaboration, emphasizing, “We recognize that partnering with key players like A-FLOW is essential for advancing national development. In this era of rapid digitalization, we are ready to drive investments into the local data center market and other sectors contributing to our nation’s technological progress. This is the first data center project financed by LANDBANK, and we are confident it will yield significant economic benefits.”
Earlier this year, LANDBANK also delivered a record-breaking cash dividend of P32.119 billion to the national government, marking its highest-ever contribution and showcasing its robust financial stance. This substantial sum, the largest among Government-Owned and Controlled Corporations (GOCCs) so far, underlines LANDBANK’s strength following its historic net income of P40.3 billion in 2023 and a year-end capital of P266.8 billion.
The significance of this partnership extends beyond financing.
ALI President and CEO and ALLHC Chairman Anna Ma. Margarita B. Dy underscored the rapid rise of technologies such as digital transformation, cloud computing, and artificial intelligence, which necessitate robust and scalable data center solutions.“Ayala Land is proud to be participating in this new opportunity, leveraging our land and capabilities to contribute to the country’s move towards a digital economy. Capital is key for infrastructure projects, and we thank LANDBANK for the P10.8 billion loan facility to A-FLOW, a critical enabler for this project,” she said.
The collaboration between A-FLOW and LANDBANK is a testament to the power of public-private partnerships in driving national progress. By capitalizing on each other’s strengths, both entities are poised to foster innovation and sustainable growth in the Philippines.
The signing of this loan agreement is more than a financial milestone; it is a shared vision for a digitally integrated economy. The A-FLOW data center campus, supported by LANDBANK’s strategic financing, is set to revolutionize the digital landscape in the Philippines, ensuring robust infrastructure for a future-ready economy. This collaboration underscores the critical role of innovative partnerships in achieving the nation’s development goals, setting a precedent for future initiatives in the digital realm.
As the Philippines strides forward in its digital journey, the A-FLOW data center campus stands as a beacon of progress and innovation, embodying the nation’s commitment to building a resilient, technologically advanced future.
About A-FLOW
A-FLOW is a dynamic joint venture between FLOW Digital Infrastructure, an investor, developer, and operator of digital infrastructure in Asia Pacific, and AyalaLand Logistics Holdings Corp., the leading developer of industrial parks and real estate logistics facilities in the Philippines.
A-FLOW’s premier data center in Laguna is strategically designed to accommodate a total of 36MW IT load capacity, supporting the digital growth and expansion of businesses across the Philippines. Leveraging FLOW’s deep expertise in data center operations and ALLHC’s established track record in industrial real estate, A-FLOW is set to become a key player in the region’s digital infrastructure landscape.
About LANDBANK
As the largest development financial institution in the Philippines, LANDBANK is at the forefront of promoting financial inclusion and digital transformation to spur national development. With a presence in all 82 provinces, LANDBANK is committed to providing accessible and responsive services that empower Filipinos, fostering a future of inclusive and sustainable development from the countryside to the country.