AREIT Inc., the real estate investment trust sponsored by Ayala Land Inc., reported that it has sold three condominium units to help fund the acquisition of a hotel owned by its parent company in Palawan. In a disclosure to the Philippine Stock Exchange, AREIT said it sold three office condominium...
Ayala Land-sponsored AREIT Inc., the first Philippine real estate investment trust, posted a 44 percent jump in first-half net income, excluding the net fair value change in investment properties, to P2.9 billion. In a disclosure to the Philippine Stock Exchange, the firm said it posted total...
Ayala Land Inc. (ALI) and its real estate investment trust AREIT Inc. (AREIT) have entered into a strategic partnership with the tycoon Enrique K. Razon’s Prime Integrated Waste Solutions, Inc. (PWS) facility in Cebu City to recover solid waste from its office buildings. In a statement, ALI said...
The Ayala Group’s real estate investment trust AREIT Inc. expressed confidence of being able to maintain its high occupancy rate of 97 percent despite excess supply in the office market which has resulted in a substantial vacancy rate in the industry. During the firm’s annual...
AREIT Inc. (AREIT), the real estate trust of property giant Ayala Land Inc. (ALI), reported a 43 percent jump in net income last year to P4.93 billion, boosted by the acquisition of more properties for lease. One Ayala, a property in AREIT's portfolio In a disclosure to the Philippine Stock...
AREIT Inc., the real estate investment trust of property giant Ayala Land Inc., has completed the acquisition of Seda Lio in El Nido, Palawan, from ALI's subsidiary Econorth Resort Ventures Inc. for P1.19 billion. In a disclosure, AREIT said Seda Lio is a 153-room resort hotel that caters primarily...
AREIT Inc. (AREIT), the real estate investment trust of Ayala Land Inc. (ALI), is expanding to the hospitality business as part of its largest acquisition next year of P29.77 billion worth of prime commercial properties. In a disclosure to the Philippine Stock Exchange (PSE), AREIT is purchasing...
Ayala Land Inc. (ALI) and the International Finance Corporation (IFC) have signed a Memorandum of Understanding (MOU) for a partnership that would help accelerate the transition of the Philippine property sector toward net zero. Under this historic agreement, ALI and its real estate investment...
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...
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...
AREIT Inc. (AREIT), the pioneer real estate investment trust in the Philippines, is moving towards net zero operational emissions and is on track to be the country’s first carbon neutral REIT. In a statement, AREIT underscored its commitment to Environmental, Social, and Governance (ESG)...
Ayala Land’s pioneering real estate investment trust (REIT) in the Philippines, AREIT Inc. (AREIT), reported a 29 percent growth in net income to P1.31 billion in the first half of the year. In a disclosure to the Philippine Stock Exchange, the firm explained that its earnings include the fair...
