Ayala Land Inc. (ALI) bagged the “Best Developer in the Philippines” award in the recently concluded 2012 Real Estate Survey conducted by the Euromoney Magazine, the eighth consecutive year that the company has been recognized by the publication for its achievements and standard of excellence.
Euromoney’s Real Estate Survey gathers the opinions of real estate developers, financial advisors, investment managers, corporate end-users and banks across the globe and ran from March 5 until May 21, 2012.
 The survey, which was filled in at the country level, had two distinct components. Part A covered essential figures on the respective firm’s size and performance during the past 12 months while Part B gathered nominations for companies that provided the best real estate products and services in their countries. The 2012 poll received a total of 1,916 Part A and Part B responses — an aggregate increase of 17 percent from the previous year.
“We are honored to have been given this recognition as the best developer in the country by an international audience for the past eight years,” ALI president Antonino Aquino said.
“The award affirms Ayala Land’s commitment in providing best-in-class products and services across its growing portfolio,” he added.
In addition to this, the company was also recognized by the Asia Pacific Real Estate Association (APREA) in the APREA Best Practices Awards 2012, winning the award for the Best Philippines Submission and Merit Awards in the areas of Market Disclosure and Portfolio Performance Reporting.  Ayala Land also won as the Philippines’ Best Property Development Organization under the Emerging Markets category.
The Best Practices Awards 2012 was open to all real estate companies and trusts listed on the different Asia Pacific regional stock exchanges, including Australia, India, China, Japan, Malaysia, New Zealand and Singapore.
The winners were chosen based on their contribution to promoting greater transparency and the comparability of their practices with those from around the region. The extent of how these institutions have adopted the recommendations in the APREA Best Practices Handbook along the categories of market disclosures, accounting and financial reporting, property valuation, portfolio performance reporting and corporate governance was also given due consideration.
Peter Mitchell, chief executive officer of APREA, said, “We would like to extend our congratulations to Ayala Land for being an industry leader in best practices. These awards are held annually to highlight the importance of the recommendations in APREA’s Best Practices Handbook, which has emerged as a clear benchmark for the region for managing and reporting performances since it was first published in 2009.”