Philippines IPOs anticipated as REIT rules finalized

03/30/2010 | BusinessMirror (Philippines)

The Philippines REIT bill, which is headed toward finalization, is expected to usher in a wave of IPOs by local and foreign real estate companies. "There will be a rush of IPOs by Ayala Land, Robinsons, the SM Group and Megaworld," Sen. Edgardo Angara said. Executives from the Philippines Stock Exchange say at least 20 companies are looking at forming REITs as well.

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