Ayala Land Inc., the flagship real estate developer of the Ayala Group, has successfully sold 88 million common shares of AREIT, Inc. at P42 per share, raising P3.7 billion before fees and taxes.
The offer shares were sold across multiple markets: outside the United States under Regulation S of the US Securities Act of 1933, within the U.S. to qualified institutional buyers under Rule 144A, and in the Philippines through exempt transactions under the Securities Regulation Code (SRC). As such, the sale did not require registration with the Philippine Securities and Exchange Commission.
The transaction was conducted under a placement agreement with UBS AG Singapore Branch and BPI Capital Coro., marking a significant block sale for the country’s leading real estate developer.
Settlement of the proceeds is scheduled for March 3, 2026, under the terms of the placement agreement. ALI plans to submit a Reinvestment Plan detailing how it will deploy the funds raised from the block sale, signaling a strategic approach to capital management and growth.
The move underscores ALI’s continued efforts to optimize its real estate investment trust (REIT) portfolio while unlocking liquidity for reinvestment into its property development pipeline.
transactions like this allow ALI to balance shareholder returns with expansion projects, particularly in its commercial and mixed-use developments.
With AREIT gaining traction among institutional investors, ALI’s block sale demonstrates robust market appetite for Philippine REITs, reflecting confidence in the country’s real estate sector and the stability of ALI-backed assets.
The company has clarified that any future resale of the Offer Shares in the Philippines by buyers will still be subject to SRC registration requirements unless qualifying as an exempt transaction, ensuring continued regulatory compliance and transparency for the investing public.
