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Ayala Land to sell Ortigas building to REIT unit for P5.1B

Property developer Ayala Land Inc. is selling a mixed commercial development in Ortigas City to its real estate investment trust company AREIT Inc. for P5.1 billion......»»

Category: financeSource: thestandard thestandardOct 23rd, 2020

Ayala& rsquo;s REIT unit concludes P12-b IPO

AREIT Inc., a real estate investment trust sponsored by Ayala Land Inc., concluded its P12.3-billion initial public offering amid the current volatile trading environment because of the coronavirus pandemic......»»

Category: lifestyleSource:  abscbnRelated NewsAug 6th, 2020

Ayala Land& rsquo;s P15.1B REIT offer okayed

The Securities and Exchange Commission approved the P15.1-billion maiden share offering of Ayala Land Inc.’s real estate investment trust unit......»»

Category: newsSource:  inquirerRelated NewsJul 10th, 2020

Alveo offers rare P55 million park-facing Makati condo

Alveo Land is building on its success in the Makati Central Business District with its latest residential property in a rare, park-facing parcel. Alveo, Ayala Land Inc.’s upscale brand, recently launched Parkford Suites Legazpi, a 35-story residential tower with an average launch price of P55 million per unit......»»

Category: financeSource:  philstarRelated NewsNov 30th, 2019

Ayala Group building cancer specialty hospital

Ayala Healthcare Holdings Inc. (AC Health), the healthcare unit of the Ayala Group, is building the country’s first cancer specialty hospital in FTI Complex in Taguig City......»»

Category: financeSource:  thestandardRelated NewsNov 3rd, 2020

AREIT buys P5.1-B office mall

AREIT Inc., the real estate investment trust sponsored by Ayala Land Inc., has acquired a mall and office development in Pasig City from the real estate giant for P5.1 billion.                 In a disclosure to the Philippine Stock Exchange, AREIT said it is buying The 30th, a 76,000 square meter commercial development located along Meralco Avenue in Pasig City. “The asset will increase AREIT’s portfolio to 246,000 square meters of GLA from 170,000 square meters and will contribute to its net income and dividends in 2021,” AREIT said. The 30th is a commercial development that was planned and developed by Ayala Land and completed in 2017. The office building is fully occupied predominantly by BPO companies. The 30th includes an amenity retail podium which will be operated and leased by Ayala Land from AREIT. Simultaneous to the acquisition of the building by AREIT, ALI will assign the long-term land lease to AREIT. AREIT wil lease office spaces to tenants, and the retail podium to Ayala Land under a fixed lease as operator of the retail spaces. The acquisition will be funded through debt. It will be a cash purchase with the installment schedule to be agreed by the parties. Currently, AREIT has no debt thereby allowing it to acquire assets that are yeld accretive through leverage. “This demonstrates AREIT’s ability to grow its portfolio and add value to its shareholders while its Sponsor, Ayala Land, Inc. can recycle the capital for its real estate projects in the Philippines,” AREIT said......»»

Category: newsSource:  mb.com.phRelated NewsOct 24th, 2020

AREIT adds Cebu building to its roster of assets

Following the acquisition by AREIT of a BPO building in Cebu IT Park last September 16, Ayala Land subsidiary, ALO Prime Realty Corp. (APRC), has recently transferred the long-term lease rights of the building’s lessee Teleperformance to AREIT Inc......»»

Category: newsSource:  philstarRelated NewsOct 2nd, 2020

AREIT signs P1.45-b deal to acquire Cebu office building

AREIT Inc., a real estate trust company owned by Ayala Land Inc., said Wednesday it signed an agreement to acquire an office building in Cebu province for P1.45 billion......»»

Category: financeSource:  thestandardRelated NewsSep 17th, 2020

PSE approves REIT IPO of Ayala Land

The Philippine Stock Exchange Inc. has approved the initial public offering of Ayala Land Inc.’s AREIT Inc., the first real estate investment trust or REIT to be listed in the PSE......»»

Category: financeSource:  philstarRelated NewsJul 20th, 2020

Ayala Land says P1.36-B REIT still on

Ayala Land says P1.36-B REIT still on.....»»

Category: financeSource:  bworldonlineRelated NewsApr 28th, 2020

Ayala& rsquo;s logistics unit expects 4.5% drop in revenues

AyalaLand Logistics Holdings Corp., a unit of Ayala Land Inc., expects consolidated revenues to decline by as much as 4.5 percent this year due to the new coronavirus (COVID-19) pandemic......»»

Category: financeSource:  thestandardRelated NewsApr 13th, 2020

More players seen entering REIT market

MORE companies are expected to join the real estate investment trust (REIT) market after an Ayala Land Inc. (ALI) subsidiary became the first firm to try to do so, according to a property consultancy firm. “We expect ALI’s move to entice national and provincial players to follow suit,” Colliers International Philippines said in a report […].....»»

Category: newsSource:  manilatimes_netRelated NewsFeb 26th, 2020

Ayala Land Planning REIT IPO in Philippines - Morningstar

Ayala Land Planning REIT IPO in Philippines Morningstar.com.....»»

Category: newsSource:  manilanewsRelated NewsFeb 11th, 2020

ALI files 1st application for P14.4-b REIT offering

Property developer Ayala Land Inc. said it filed an application for a P14.4-billion Real Estate Investment Trust offering, less than a month after the government eased the rules on the new investment vehicle......»»

Category: financeSource:  thestandardRelated NewsFeb 9th, 2020

Ayala Land eyes P14 billion from first REIT listing

The Ayala Group has filed with the Securities and Exchange Commission its application for a real estate investment trust offering, estimated to raise up to P14 billion......»»

Category: financeSource:  philstarRelated NewsFeb 8th, 2020

Ayala Land unit brings its luxury condominiums to QC, Pasig

Ayala Land unit brings its luxury condominiums to QC, Pasig.....»»

Category: financeSource:  bworldonlineRelated NewsSep 30th, 2019

Federal Land to develop premium condo in Ortigas

Leading real estate developer Federal Land intends to leverage and contribute to Ortigas Center’s growth by building complementing projects that will add value to the way modern Filipinos live today......»»

Category: financeSource:  philstarRelated NewsSep 22nd, 2019

ALI logistics unit hikes stake in LTI

AyalaLand Logistics Holdings Corp. (ALLHC), the logistics arm of Ayala Land Inc., has increased its stake in Laguna Technopark Inc (LTI)......»»

Category: financeSource:  philstarRelated NewsJun 13th, 2019

ALI ups stake in logistics unit

AYALA LAND, Inc. (ALI) tightens its grip on AyalaLand Logistics Holdings Corp. (ALLHC), formerly called Prime Orion Philippines, Inc., in exchange for a parcel of land in Muntinlupa......»»

Category: financeSource:  bworldonlineRelated NewsMay 27th, 2019

Hello, Cleveland: Indians welcome slugger Encarnacion

TOM WITHERS, AP Sports Writer br /> CLEVELAND (AP) — With his family watching proudly, Edwin Encarnacion stood in front of his new locker inside Cleveland's clubhouse, pulled on a fitted cap and slowly buttoned the front of his white No. 10 jersey. Once finished, he pointed to the 'Indians' logo on his chest and flashed a huge smile as cameras clicked. It felt seamless. 'He's a perfect fit for our team,' Indians president Chris Antonetti said Thursday. In so many ways. The Indians, accustomed to being outspent for high-priced free agents winter after winter, introduced Encarnacion, a premium player for the middle of their lineup who will boost attendance and maybe help them win the World Series. One of baseball's most productive hitters over the past five years, Encarnacion finalized a $60 million, three-year contract — the richest in Cleveland history — with a team that got to Game 7 of the Series last season. Encarnacion's deal would be worth $80 million over four years if the Indians exercise a $25 million option for 2020 that includes a $5 million buyout. There are also attendance bonuses built in as both the Indians and Encarnacion's agent, Paul Kinzer, recognized the three-time All-Star's ability to spin turnstiles. 'He's a quiet guy that just goes out and grinds every day,' Kinzer said. 'This is a blue-collar town and he's a blue-collar guy. Cleveland is going to love him.' Encarnacion averaged 39 homers and 110 RBIs over the past five seasons with Toronto, which made it to the AL Championship Series last season only to be eliminated in five games by the Indians. Encarnacion, who turns 34 on Saturday, watched Cleveland's players celebrate at Rogers Centre that day in October not ever imagining he would be joining them a little more than two months later. But while he figured to land with Boston or Texas or in another major market, Cleveland's pitch was the most persistent. And although the first baseman and designated hitter could have made more money elsewhere, Encarnacion wanted to join a winner. The Indians, with one of the majors' best pitching staffs and a lineup featuring young stars in Francisco Lindor and Jason Kipnis, are positioned to contend for years. 'That's why I came here,' Encarnacion said. 'I believe in this team and I know we can win the World Series with the talent that we have.' The Indians' courtship of Encarnacion began with owner Paul Dolan's commitment to building on the momentum created by the team's AL Central title and first Series appearance since 1997. Cleveland was boosted by cleanup hitter Mike Napoli, who set career highs in homers and RBIs during his one season with the Indians. There were better options available and, after deciding not to re-sign Napoli, the Indians focused on Encarnacion, who hit 42 homers and drove in 127 runs last season. Antonetti didn't have to sell Dolan on Encarnacion's obvious talents. The challenge was convincing him that the slugger was worth a long-term financial obligation. 'It took a lot of work to make that happen, both compromises from our side and compromises from Edwin's side to make this fit and be the right fit for both teams,' Antonetti said. 'And it took a great leap of faith by ownership to make that extraordinary investment.' It also took some clever negotiating. As the sides were nearing a deal, Oakland made a $50 million, two-year offer that caused the Indians to counter. Kinzer proposed an attendance clause, a suggestion Antonetti initially wasn't sure was possible. 'That was a way to bridge the gap,' Kinzer said. 'When Edwin went on that run five years ago, Toronto was at 1.9 (million) in attendance. Now, they're at 3.4. Well, if Edwin contributes to that, then we should be rewarded for it.' Encarnacion gets a $5 million signing bonus, half payable on May 1 and the rest Aug. 1, and salaries of $13 million this year, $17 million in 2018 and $20 million in 2019. The Indians agreed and Encarnacion has already made an impact, as the team has sold more than $1 million in season tickets since he agreed to the deal on Dec. 22. He would earn bonuses of $150,000 each when the Indians reach 2 million, 2.15 million, 2.3 million, 2.5 million and 2.75 million in home attendance. He can make another $250,000 for 3 million. Once the deal's parameters were settled, Antonetti and Kinzer then had to maneuver around some family holiday obligations. As they neared an agreement, Kinzer was at Six Flags Amusement Park in Atlanta with his grandchildren to see Santa Claus, while Antonetti was attending a performance of 'The Little Mermaid' with his wife and two daughters. Antonetti ducked in and out of the theater's auditorium before closing the biggest deal in team history during a break between two songs from the musical. 'We were somewhere between 'Under the Sea' and 'Part of Your World,' he said with a smile. 'It was a great performance.' The Indians can take a bow for theirs, as well. .....»»

Category: sportsSource:  abscbnRelated NewsJan 6th, 2017

ALI spending up to P85 B in 2017

MANILA, Philippines – Ayala Land Inc., the property development unit of the Ayala Group, expects its capital expenditures in 2017 to be at about the same lev.....»»

Category: financeSource:  philstarRelated NewsDec 1st, 2016