ALI raises P3.7 billion from sale of AREIT sharesIn a stock exchange filing, ALI said it sold a total of 88 million common shares of AREIT Inc. at a transaction price of P42 apiece pursuant to a placement agreement with UBS AG Singapore Branch and BPI Capital Corp.MANILA, Philippines — Property giant Ayala Land Inc. (ALI) has raised P3.7 billion from the block sale of a new batch of shares in its listed real estate investment trust. The company intends to submit the required reinvestment plan detailing the use of proceeds obtained from the block sale in due course. For this year, ALI is earmarking P70 billion to P80 billion in capital expenditures, about 38 percent of which will be used for its leasing projects. Its assets under management grew to P139.3 billion, spanning a diversified portfolio of offices, retail, hotels and industrial land. To accelerate portfolio growth, AREIT secured stockholder approval in December last year for a property-for-share swap transaction with ALI and Summerhill Commercial Ventures Corp., involving Ayala Center Cebu and Ayala Malls Feliz, valued at P19.5 billion in exchange for 441.13 million AREIT shares.

Source: Philippine Star February 28, 2026 16:39 UTC