Ayala Land and subsidiaries ready P21-B asset injection into AREIT
MANILA, Philippines — Ayala Land Inc. (ALI) and its subsidiaries are set to inject ₱21 billion worth of assets into their real estate investment trust (REIT). This move will be executed through a property-for-share swap deal, pending regulatory approval.
AREIT Inc., the country’s first publicly listed REIT, confirmed the transaction details, signaling a significant development in the local real estate market.
For context, AREIT’s first-half bottom line rose 45% to ₱4.3 billion, highlighting the firm’s strong financial performance.
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