SEC okays P21B property-for-share swap between Ayala Land and AREIT

The Securities and Exchange Commission (SEC) has approved the P21 billion property-for-share swap transaction between Ayala Land, Inc. (ALI) and its subsidiaries with AREIT, Inc.

The transaction involves ALI and its subsidiaries subscribing to 505.89 million AREIT primary common shares in exchange for eight commercial buildings located in Davao, Cebu, and Cagayan de Oro.

These properties, valued at P21 billion, include notable establishments such as Central Bloc One, Central Bloc Two, Ayala Malls Central Bloc, Seda Hotel Central Bloc, Ayala Malls Abreeza, Abreeza Corporate Center, Ayala Malls Centrio, and Centrio Corporate Center.

The infusion of these assets into AREIT aligns with ALI's objective to expand AREIT's asset base with high-quality properties.

AREIT anticipates receiving approval from the Bureau of Internal Revenue within the first quarter of 2026.