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AREIT gets P21-B boost from parent Ayala Land, sister firms

MANILA, Philippines — AREIT Inc. will get a P20.99-billion infusion from sponsor Ayala Land Inc. (ALI) and two of the latter’s subsidiaries through a property-for-share swap deal. This would 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

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Rockwell Land eyes P20B from bond market

MANILA, Philippines — Rockwell Land Corp. will tap the bond market to raise up to P20 billion and fund its capital expenditures. This move comes as the firm pursues the expansion of its projects. In a regulatory filing on Friday, Rockwell Land said its board of directors had approved the bond offering under a shelf