REIT regulation

Ayala Land office REIT tests investor appetite in the time of Covid

A reputable sponsor and an attractive yield offering will likely draw local interest for Ayala Land’s office REIT, even as the coronavirus redefines traditional office space demand

Christopher Chu

July 21, 2020

Ayala Land, the property developer for Ayala Corporation, a conglomerate that includes Bank of the Philippine Islands (BPI), Manila Water, and Globe Telecom, will gage investor interests for its P15 billion ($300 million) real estate investment trust (REIT) following the Philippine Stock Exchange’s approval on July 20.

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