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AREIT, Inc.AREIT PSE Disclosure Form REIT-2 - Reinvestment Plan Progress ReportReference: Section 6 of the Amended PSE Listing Rules for REITS
- Annual Report
- Quarterly Report
| Subject of the Disclosure |
Final Tranche Final Report on the Disbursement of Proceeds from the Sale of The 30th Commercial Development ("The 30th") to AREIT, Inc. ("AREIT") |
| Background/Description of the Disclosure |
Final Progress Report on the Application of Proceeds for the first tranche, duly certified by our external auditors, in compliance with the disclosure requirements of the Philippine Stock Exchange, in relation to the Reinvestment Plan submitted in connection with the sale of The 30th commercial development to AREIT |
| Update or Status of the Reinvestment Plan |
As of January 28, 2022, ALI already disbursed the total net proceeds amounting to Four Billion Five Hundred Sixty-Four Million Two Hundred Eighty-Five Thousand Seven Hundred Fourteen and Twenty Eight Centavos (Php4,564,285,714.28), in accordance with its Reinvestment plan. |
| Summary of Transactions Involving Real Estate and/or Infrastructure Projects for the Period |
Project Name: Parklinks |
| Description of Real Estate Assets and/or Infrastructure Projects for the Period |
Parklinks - A 5-storey mall with approx. GLA of 50k sqm, a BPO tower with approx. GLA of 13k sqm and a residential development |
| Other Relevant Information |
- |
| Name | Michael Blase Aquilizan |
| Designation | Associate Manager |