MDC and Takenaka Form Joint Venture Company

At the launch ceremony for MDTK Corporation held on March 21 are (seated, from left) Takenaka Overseas Construction Business Executive Managing Officer Shoichiro Shibuta; ALI SVP, MDC President and CEO, and MDTK Chairman Dante Abando; ALI Chairman Jaime Augusto Zobel de Ayala; Takenaka Corporation Board Member and Senior Executive Managing Officer Yuichiro Takenaka; AC Board Director Fernando Zobel de Ayala; and Takenaka’s Asia Regional Headquarters Managing Officer and General Manager Hideki Izumi with ALI VP, MDC COO, and MDTK President Robert N. Baffrey and ALI SVP and Head of Leasing and Hospitality Mariana Zobel de Ayala (standing, 4th and 5th from left); and Takenaka executives Masao Doke, Tamotsu Takao, Masamichi Yamaguchi, Grace Lee, Takeshi Yanagi, and Ryusuke Kojio

This is a wonderful opportunity for our teams to integrate best practices into our developments. The MDC-Takenaka partnership will become an avenue to advance more innovative and sustainable solutions that will benefit the communities that we serve, especially at this time when the Philippines is primed for exponential economic growth.

JAIME AUGUSTO ZOBEL DE AYALA
ALI Chairman

Makati Development Corporation (MDC) and Takenaka Corporation have finalized an agreement to form a joint venture company, MDTK Corporation. The partnership is expected to bring more opportunities for the two companies to take on complex design and construction projects, and introduce new technologies and methodologies that will benefit the Philippine construction industry and the country.

MDC President and CEO and MDTK Chairman Dante M. Abando said, “Through MDTK, we look forward to using our combined expertise, learnings, and resources to enhance land and enrich the lives of Filipinos.”

Focused on expanding its operations in the Philippines, Takenaka Overseas Construction Business Executive Managing Officer Shoichiro Shibute said, “With shared values and trust, establishing a joint venture with MDC from the Ayala group, known for their innovative urban development projects in Makati, BGC, and nationwide, is a significant honor and we are grateful for it.”

Based in Osaka, Japan, Takenaka Corporation provides architectural, engineering, and construction services. The company took part in the construction of Ninoy Aquino International Airport Terminal 3 and Bacolod-Silay Airport in the 2000s. Its group company Takenaka Civil Engineering and Construction is currently building the Metro Manila Subway and the Davao City Bypass projects in the Philippines.