Economy
Ayala Land Raises P2.7B From AREIT Share Sale, Fuels Further Investment
Ayala Land Inc. (ALI), a leading Philippine property developer, has raised approximately P2.7 billion (around $46 million USD) from the sale of a portion of its stake in its sponsored real estate investment trust, AREIT Inc. The capital raised is earmarked for future investments, aligning with ALI's capital recycling strategy.
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