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Ayala Land generates P3.18B from block sale of AREIT shares

Ayala Land generates P3.18B from block sale of AREIT shares
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SEC approves P15.46 B AREIT, ALI asset-for-equity swap

The Securities and Exchange Commission has approved the P15.46 billion shares-for-asset swap between AREIT Inc. (AREIT), the pioneer real estate investment trust (REIT) in the Philippines, and its sponsor company Ayala Land Inc.
In a disclosure to the Philippine Stock Exchange, AREIT said the SEC h ....

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AREIT gets SEC nod for swap deal

AREIT Inc., the real estate investment trust (REIT) of Ayala Land Inc. (ALI), on Monday said the Securities and Exchange Commission (SEC) has approved the infusion of certain properties into the company. Commercial properties of Ayala Land units, Westview Commercial Ventures Corp. and Glensworth Development Inc., valued at P15.46 billion… ....

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