AREIT, Inc. (AREIT) reported that the ten properties included in its P15 billion property-for-share swap transaction with its sponsor, Ayala Land, Inc. (ALI) are in Vertis North, Nuvali, Makati, Alabang and Bacolod. In a disclosure to the Philippine Stock Exchange, AREIT said the 205,000 square...
AREIT, Inc., the real estate trust sponsored by Ayala Land Inc., announced that its planned share for property swap with ALI will increase its deposited property value to P52 billion. The firm disclosed to the Philippine Stock Exchange that its Board of Directors has approved the increase of...
Property giant Ayala Land, Inc., (ALI) is infusing some identified key commercial properties worth P15.46 billion into AREIT, Inc. under a property-for-share swap transaction. In a disclosure to the Philippine Stock Exchange, ALI said its Executive Committee has approved the subscription to...
A former overseas Filipino worker (OFW) was the lucky winner of a brand new house and lot from Willie Revillame’s Wowowin and Lessandra. Elated by his win, Weysoncris C. Ringor from Cagayan Valley received the Lessandra certificate and the ceremonial key from Lessandra Division Head...
Golden Haven Las Pinas reported a 2,000 percent increase in value of its memorial lots since its inception in 1984 following massive projects within the Villar-owned Vista City Global South. Red J. Rosales, chief operating officer of Golden Haven Memorial Park, said that since its operation more...
Acquiring farm lands rewarded to agrarian reform beneficiaries is invalid without the government’s permission unless the Department of Agrarian Reform (DAR) issues a transfer clearance for the farm lot. (UNSPLASH / MANILA BULLETIN) This was reiterated by DAR Undersecretary for Legal Affairs...
Ayala Land Inc. is giving the businesses of its restaurant tenants a boost by closing some of its streets to allow them to offer al fresco dining in Makati and Bonifacio Global City. Aimed at breathing new life into restaurants in the business districts, the Makati Street Meet, Riverside...
Over a year ago, nobody would have imagined spending not just hours but full days, weeks, and even months strictly indoors. Though the pandemic caught people by surprise, they adapted quickly and made adjustments in how they live their lives within the safe confines of their homes. Even though news...
Robinsons Land Corporation (RLC), one of the leading diversified real estate companies in the Philippines, reported a decline in net income to P5.26 billion last year, from the P8.7 billion earned in 2019, due to the impact of the pandemic. However, in a disclosure to the Philippine...
Present at the LIMA Locators’ Appreciation event were representatives of LIMA Technology Center locators, Aboitiz InfraCapital President and CEO Cosette Canilao (bottom row, rightmost), and First Vice President for Aboitiz Integrated Economic Centers Rafael Fernandez de Mesa (bottom row, fourth...
Ayala Healthcare Holdings, Inc. (AC Health), through Healthway Philippines, Inc. (HPI), has completed its acquisition of a majority stake of Mercado General Hospital Inc. (MGHI). In a disclosure to the Philippine Stock Exchange, Ayala said it purchased shares from White Knight Holdings, Inc., a...
Real estate giant Ayala Land Inc. posted a 74 percent drop in net income to P8.7 billion last year from P33.2 billion in 2019 but is increasing capital expenditures as it is optimistic of a recovery in 2021. In a media briefing, ALI President and CEO Bernard Vincent O. Dy said the firm endured...
