C06905-2021 |
The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.
Subject of the Disclosure |
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2021 Third Quarter Sponsor Progress Report on Disbursement of Proceeds from the sale of The 30th commercial development to AREIT, Inc. (“AREIT”) pursuant to the Sponsor Reinvestment Plan of Ayala Land, Inc. |
Background/Description of the Disclosure |
Progress Report on the Application of Proceeds for 2Q 2021, duly certified by our external auditors, in compliance with the disclosure requirements of the Philippine Stock Exchange, in relation to the Reinvestment Plan submitted in connection with the sale of The 30th commercial development to AREI |
Update or Status of the Reinvestment Plan |
Please be advised that as of September 30, 2021 the remaining balance of the proceeds from the sale of The 30th Commercial Development to AREIT, Inc., amounts to Four Billion One Hundred Fifty-Five Million Nine Hundred Seventy Eight Thousand One Hundred Fifty Nine Pesos and Nineteen Centavos (Php4,155,978,159.19). |
Summary of Transactions Involving Real Estate and/or Infrastructure Projects for the Period |
Project Name: Parklinks |
Description of Real Estate Assets and/or Infrastructure Projects for the Period |
Parklinks - a 5-storey mall with approx. GLA of 50k sqm and a BPO tower with approx. GLA of 13ksqm, located in Pasig/Quezon City |
Other Relevant Information |
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Name | Michael Blase Aquilizan |
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Designation | Associate Manager |