MANILA, Philippines — AREIT Inc. will receive a P20.99-billion infusion from its sponsor, Ayala Land Inc. (ALI), along with two of ALI’s subsidiaries through a property-for-share swap deal.
This strategic move is set to enable the Ayala group’s real estate investment trust (REIT) to expand and diversify its portfolio, strengthening its position in the market.
In a disclosure on Friday, the country’s first publicly listed REIT revealed the details of this significant transaction.
https://business.inquirer.net/549411/areit-gets-p21-b-boost-from-parent-ayala-land-sister-firms