Ayala taps REIT to secure foreign cash for Philippine realty boom

Ayala taps REIT to secure foreign cash for Philippine realty boom

A property in central Manila owned by Ayala Land. (Photo by Jun Endo/Nikkei Asia)

With the novel coronavirus pandemic accelerating office demand in the Philippines instead of shrinking it, Ayala Corp. has set itself up for new commercial developments with the aid of foreign investors.