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Ayala Land Renews 25-Year Lease for Camp John Hay Technohub - BusinessWorld Online
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Ayala Land renews 25-year lease for Camp John Hay Technohub - BusinessWorld Online
LISTED property developer Ayala Land, Inc. (ALI) has signed a 25-year lease agreement with the Bases Conversion and Development Authority (BCDA) to continue operating the Camp John Hay Technohub in Baguio City. The lease agreement is projected to generate P600 million in revenue, BCDA said in an e-mail statement on Tuesday. It will also sustain job stability in the property, which currently employs 3,000 workers. The technohub houses retail clus…
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