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Manila, Philippines Real Estate

DoubleDragon REIT Debuts on the Philippine Stock Exchange (Inquirer) March 26, 2021 – Property developer DoubleDragon Meridian Park Properties’ real estate investment trust (DDMP REIT) raised the curtain on local initial public offerings (IPO) on Wednesday after completing the sale of P14.7 billion (US$300 million) worth of shares. About 50,740 investor accounts participated in the …

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DoubleDragon REIT Starts Offer Period for P14.7B IPO March 11, 2021- DDMP REIT Inc., the real estate investment trust of DoubleDragon Properties Corp., on Wednesday began the offer period for its initial public offering (IPO), with an aim to raise P14.7 billion. In a disclosure to the Philippine Stock Exchange, DoubleDragon said its subsidiary, DDMP …

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DoubleDragon REIT Kicks Off 2021 IPO Season (Inquirer) March 2, 2021- Real estate investment trust DDMP REIT Inc. of property developer DoubleDragon Properties Corp. will be the first company to debut on the local stock market this year with an initial public offering (IPO) worth as much as P14.7 billion all set this March. The …

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INTERVIEW: Ayala Breaks New Ground With REIT Listing The first REIT in the country sees opportunities in office and industrial assets and stressed the importance of corporate governance. The Philippine government announced the establishment of a revised framework for real estate investment trusts (REITs) in January 2020. Shortly after, Ayala Land – one of the …

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Manila, Philippines Real Estate

AREIT Posts FY20 Income Of PhP1.23 B (US$25.29 M) February 25, 2021-AREIT, Inc. (AREIT), the real estate investment trust of Ayala Land, Inc. (ALI), recorded revenues of P1.95 billion in 2020 and Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) of P1.58 billion, 3% and 4% higher than its REIT plan, respectively. The company’s full …

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Philippines’ DoubleDragon REIT IPO Gets Regulator Nod (ABSCBN News) February 18, 2021 – The Securities and Exchange Commission on Wednesday said it approved the initial public offering (IPO) of the real estate investment trust (REIT) by DoubleDragon Properties Corp worth nearly P14.71 billion. In a Feb. 16 decision, the SEC approved the registration statement of …

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Manila, Philippines Real Estate

Philippines’ AREIT Buys 9.8-Hectare Land In Laguna Technopark (GMA News) January 7, 2021- Ayala Land-sponsored AREIT Inc. is acquiring another property to boost its portfolio of income-generating properties. In a disclosure to the Philippine Stock Exchange on Wednesday, AREIT—the country’s first real estate investment trust (REIT)—said it purchased 9.8 hectares of land owned by Technopark …

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