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Ayala Land Inc. has raised P3.47 billion from the sale of shares of AREIT Inc., its real estate investment trust, which it received from a property-for-share swap. In a disclosure to the Philippine Stock Exchange, ALI said it sold 87.37 million AREIT shares at a transaction price of P39.70 per shar
AREIT, Inc., the Ayala Group’s Real Estate Investment Trust (REIT), has secured the approval of its stockholders on its second property-for-share swap worth P11.26 billion with its sponsor, Ayala Land, Inc. (ALI). Approved during AREIT’s Annual Stockholders’ Meeting on Thursday, Apr. 21, the transa
AREIT Inc. will enter into a second property-for-share swap with its sponsor, Ayala Land Inc., in a transaction valued at P11.2 billion.
AREIT, Inc. (AREIT), the first Philippine real estate investment trust, will enter a second property-for-share swap with its sponsor AyalaLand,Inc.(ALI) worth P11.26 billion. In a disclosure to the Philippine Stock Exchange, the firm said the transaction will involve six Cebu-based office buildings