AREIT Inc., Ayala Land Inc.'s (ALI) real estate investment trust, has agreed to acquire a portfolio of four shopping malls and three hotels from its parent company for approximately ₱20 billion ($492 million). The deal diversifies AREIT's holdings, increasing its exposure to the retail and hospitality sectors.
The transaction consists of a ₱17.33 billion property-for-share swap and a ₱2.62 billion cash purchase. The properties include prominent assets such as Glorietta 4, Ayala Malls Circuit, New World Makati Hotel, and Fairmont Raffles Hotel Makati. This infusion will increase AREIT’s total assets under management to ₱179 billion.
For Ayala Land, the sale will generate capital to be reinvested into its pipeline of leasing and hospitality projects. The transaction has been approved by AREIT's board and is pending shareholder and regulatory approvals, with a shareholder meeting scheduled for September 23, 2026.