Ayala North Exchange, a property in the initial portfolio of Ayala Land REIT. (Photo: Google Maps)

Application for the initial public offering (IPO) of Ayala Land REIT is now open, paving the way for the Philippines to see its first REIT listing.

Offer period for the REIT, which will be listed on the Philippine Stock Exchange (PSE), runs from 27 July to 3 August.

The target listing data of Ayala Land REIT has been set for 13 August, and pricing is set at PHP27 per unit.

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By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.