MANILA, Philippines - Property giant Ayala Land Inc. (ALI) is preparing to transfer P22.5 billion worth of prized malls and offices into AREIT Inc., marking the largest ever asset injection since the pioneering real estate investment trust (REIT) company went public three years ago. The deal will include Ayala Land's "crown jewel" shopping malls such as the Glorietta 1 and 2 in the Ayala Center complex in Makati City, which will give AREIT investors exposure to the resurgent retail segment during the postpandemic era. Apart from malls, Ayala Land will also infuse business process outsourcing (BPO) buildings in Ayala Center, a commercial hub in the country's financial district t...Keep on reading: Ayala Land to infuse ‘crown jewel’ malls, offices into AREIT via P22.5-B swap