Ayala Land to use The 30th proceeds to develop 7 projects

By: Doris Dumlao-Abadilla – Reporter / @philbizwatcherPhilippine Daily Inquirer / 04:00 AM January 19, 2021

Property giant Ayala Land Inc. (ALI) plans to recycle P5.11 billion in proceeds from the sale of The 30th commercial hub to AREIT Inc. for the development of seven commercial facilities and land parcels across the country.

The project pipeline consists of two mixed-use offices and malls located within Metro Manila and Cebu, one mall in Metro Manila, one office project also in Metro Manila, and three land parcels located in Cavite, Pampanga and Tarlac provinces, ALI and AREIT disclosed to the Philippine Stock Exchange on Monday.

Read more: https://business.inquirer.net/315984/ayala-land-to-use-the-30th-proceeds-to-develop-7-projects#ixzz6kL6aqLuU