AREIT gets SEC nod for P19.5-B property swap

MANILA, Philippines – AREIT Inc., the REIT of Ayala Land Inc. (ALI), has secured approval for a P19.5-billion property-for-share swap with its sponsor and ALI subsidiary Summerhill Commercial Ventures Corp., clearing the way for another major asset infusion. In a disclosure on Friday, AREIT said the Securities and Exchange Commission (SEC) approved the transaction on June […]... Keep on reading: AREIT gets SEC nod for P19.5-B property swap