MANILA, Philippines — Ayala Land Inc. (ALI) and its subsidiaries are set to inject ₱21 billion worth of assets into its real estate investment trust (REIT). This move will be carried out through a property-for-share swap deal, pending regulatory approval.
READ: AREIT first-half bottom line rises 45% to ₱4.3 billion
AREIT Inc., the country’s first publicly listed REIT, announced the planned transaction as part of its ongoing growth strategy.