ALI injecting P22.5-b assets into REIT unit READ MORE:
The transaction will make AREIT one of the largest and the most diversified commercial REITs in the Philippines.
AREIT, in exchange, will acquire ALI assets that include shopping malls Glorietta 1 and 2 mall wings and MarQuee mall in Angeles, Pampanga as well as office developments One Ayala Avenue East and West BPO Towers at the corner of Ayala Ave. and EDSA and BPO buildings at Ayala Center. “The rebound of commercial businesses is an opportunity for AREIT to widely diversify its assets with more retail buildings. The infusion of Glorietta 1 and 2 mall and BPO buildings as well as the brand new One Ayala Avenue BPO towers is testament to AREIT as Ayala Land’s flagship REIT,” said AREIT president and chief executive Carol Mills.
It said that with the new infusion, AREIT would nearly triple the company’s AUM to P87 billion and boost its GLA more than five-fold to 863,000 sq. m. from the IPO.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Ayala Land to infuse ‘crown jewel’ malls, offices into AREIT via P22.5-B swapProperty giant Ayala Land Inc. is preparing to transfer P22.5 billion worth of prized malls and offices into AREIT Inc., marking the largest ever asset injection since the pioneering real estate investment trust company went public three years ago.
Baca lebih lajut »
Ayala Land’s flagship malls, offices to be added into AREIT via P22.5-billion swapGlorietta 1 and 2 and several other properties will be added into Ayala's real investment trust firm.
Baca lebih lajut »
LOOK: Lovely Abella, Benj Manalo fulfill dream of owning a resortLovely Abella and Benj Manalo are full of gratitude as they now have their own resort—a property they only dreamed of before. The actress gave a glimpse of the property through her Instagram
Baca lebih lajut »
Hong Kong loses luster as retail units go vacant and big brands look to ChinaGlitzy Hong Kong shopping streets once packed with luxury stores now have about half of their shop units sitting vacant, according to property management companies.
Baca lebih lajut »
GSIS inaugurates office building in Quezon City | BusinessMirrorTHE Government Service Insurance System (GSIS) announced last Monday the inauguration of the newly-constructed office building of its Quezon City branch in Elliptical Road, Diliman, Quezon City. Situated at the heart of Quezon City and nestled in a 3-hectare property, the new building of the GSIS Quezon City Branch Office…
Baca lebih lajut »
Iran’s top leader says suspected poisonings ‘unforgivable crime’ | Associated PressDUBAI, United Arab Emirates—Iran’s supreme leader said Monday that if a series of suspected poisonings at girls’ schools are proven to be deliberate the culprits should be sentenced to death for committing an “unforgivable crime.” It was the first time Supreme Leader Ayatollah Ali Khamenei, who has the final say…
Baca lebih lajut »