Philippines’ AREIT To Buy Properties From Parent Ayala Land, Affiliates For $542 Million
AREIT Inc—the real estate investment trust controlled by billionaire Jaime Zobel de Ayala and his family’s Ayala Land Inc. (ALI)—said last week it has agreed to buy prime properties worth 30 billion pesos ($542 million) from its parent and affiliate companies.
AREIT Inc—the real estate investment trust controlled by billionaire Jaime Zobel de Ayala and his family’s Ayala Land Inc. (ALI)—said last week it has agreed to buy prime properties worth 30 billion pesos ($542 million) from its parent and affiliate companies.
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