Philippines land company to try to raise $300 million through REIT

04/14/2010 | BusinessMirror (Philippines)

Ayala Land, a property developer in the Philippines, is planning to raise $300 million later this year by converting some of its retail centers and offices into a REIT. "We were advised that $300 million is the minimum size that will make it a successful issue for Ayala Land," Chief Financial Officer Jaime Ysmael says.

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BusinessMirror (Philippines)

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