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...
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...
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...
AREIT, Inc. (AREIT), the real estate investment trust of Ayala Land, Inc. (ALI), reported a net income of P1.23 billion last year, up 42 percent if excluding a one-time gain in 2019. In a disclosure to the Philippine Stock Exchange, the firm said the higher profit is on account of its stable...
SPEAKING OUT Ignacio R. Bunye In a recent award ceremony, the Securities and Exchange Commission (SEC) and the Institute of Corporate Directors (ICD) lauded four Ayala companies for leading the way in terms of corporate governance in the country. Ayala Land, Inc. (ALI) and Globe Telecom made it to...
The Ayala group of companies bagged top accolades at the 2019 ASEAN Corporate Governance Scorecard Awards held by the Securities and Exchange Commission and the Institute of Corporate Directors. Ayala Corporation, Bank of the Philippine Islands, Ayala Land, Inc., and Globe Telecom were hailed ASEAN...
AREIT, Inc. (AREIT), a subsidiary of Ayala Land, Inc. (ALI), reaped multiple international awards and citations in 2020 as the first Real Estate Investment Trust (REIT) to list in the Philippine Stock Exchange (PSE) last year. The landmark debut saw AREIT successfully complete its initial public...
AREIT Inc., the real estate investment trust sponsored by Ayala Land Inc., has acquired a mall and office development in Pasig City from the real estate giant for P5.1 billion. In a disclosure to the...
