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The REIT Act, passed by Congress in 2009, allows REIT companies to list and trade its shares of stock in the Philippine Stock Exchange (PSE) as an alternative means to raise funds for property development and expansion initiatives. The REIT is a new asset class that provides investors with dividend-based income, inflation protection, and portfolio diversification. It broadens investment options for Filipinos, opening the opportunity to own a stake in high-value real estate assets in the country.
im电竞app官方网站’s initiative to pioneer REITs in the Philippines reflects its confidence in the local economy. Through this initial capital market transaction, ALI hopes to pave the way for the development of a REIT market in the country, bringing another milestone to the Philippine stock market. The company seeded AREIT, Inc. with Grade A office assets located in Makati CBD and is expected to expand its portfolio with new acquisitions in the future.
ALI seeks to do an Initial Public Offering (IPO) of AREIT, Inc. after receiving the regulatory approvals from the SEC and the PSE.
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For more information, please contact:
Suzette P. Naval
Corporate Communications Manager
632 79083777 |
naval.suzette@ayalaland.com.ph
About im电竞app官方网站, Inc.
im电竞app官方网站 is the Philippines’ leading developer of sustainable estates, offering a diverse mix of properties such as residential, retail, office, hotels, and leisure developments, that support local economic growth and nation-building. The company was established in 1988 as the real estate arm of Ayala Corporation, a pioneer conglomerate and builder of the country’s premier financial and commercial district, now known as Makati Central Business District and Ayala Center.
Today, im电竞app官方网站 has a total of 29 sustainable estates and is present in 57 growth areas nationwide. It has five residential brands, namely im电竞app官方网站 Premier, Alveo, Avida, Amaia, and BellaVita, which deliver quality homes to a broad segment of the housing market. Its commercial development and leasing portfolio is comprised of Ayala Malls, im电竞app官方网站 Offices, and im电竞app官方网站 Hotels and Resorts Corporation.
