Real estate giant Ayala Land Inc. (ALI) is infusing into AREIT Inc. (AREIT) two malls—Ayala Malls Feliz in Pasig City and Ayala Center Cebu—worth ₱19.5 billion in exchange for new shares, so that retail will now account for over half of the real estate investment trust’s (REIT) portfolio.
In a disclosure to the Philippine Stock Exchange (PSE), AREIT said it will conduct its sixth property-for-share swap wit
Continue Reading on Manila Bulletin
This preview shows approximately 15% of the article. Read the full story on the publisher's website to support quality journalism.