Ayala Land to infuse ‘crown jewel’ malls, offices into AREIT via P22.5-B swap
MANILA, Philippines – Property giant Ayala Land Inc. (ALI) is preparing to transfer P22.5 billion worth of prized malls and offices into AREIT Inc., marking the largest ever asset injection since the pioneering real estate investment trust (REIT) company went public three years ago. The deal will include Ayala Land’s “crown jewel” shopping malls such … Continue reading Ayala Land to infuse ‘crown jewel’ malls, offices into AREIT via P22.5-B swap
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