C08417-2023 |
Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding | |
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Common Shares | 2,368,606,573 |
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Subject of the Disclosure |
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ALI to infuse P23B of flagship Makati assets and prime hotels into AREIT; AUM to reach P117B in value |
Background/Description of the Disclosure |
AREIT, Inc. (AREIT) will embark on its most significant acquisition this year with the additional P23 billion worth of prime commercial properties from its sponsor Ayala Land, Inc. (ALI) alongside the purchase of the P6.77 billion industrial land from Buendia Christiana Holdings Corporation (BCHC), a wholly-owned subsidiary of ACEN Corporation (ACEN). |
Other Relevant Information |
Please see the attached press release for more information. |
Name | Brandon Ryan Lim |
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Designation | Investor Relations Associate |