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 transaction will enable the Ayala group’s real estate investment trust (REIT) to expand and diversify its portfolio.
In a disclosure on Friday, the country’s first publicly listed REIT revealed its plans to leverage this strategic move to strengthen its market position and growth prospects.
https://business.inquirer.net/549411/areit-gets-p21-b-boost-from-parent-ayala-land-sister-firms
