Philippines’ Ayala Land Transfers $305 Million Of Commercial Properties Into AREIT

Ayala Land said it has transferred office and retail properties worth 15.5 billion pesos ($305 million) into its real estate investment trust AREIT following regulatory approval.
Ayala Land said it has transferred office and retail properties worth 15.5 billion pesos ($305 million) into its real estate investment trust AREIT following regulatory approval.