AYALA Land Inc. said that they had earmarked P23-billion worth of prime commercial properties for their real estate investment trust AREIT Inc. next year.

Among those include several flagship assets which include office buildings and hotels in Makati.

According to their regulatory filing, AREIT noted that they had approved asset infusions for 2024 are the Ayala Triangle Gardens Tower 2.

The said area is located at the corner of Paseo de Roxas and Makati Avenue, and luxury malls Greenbelt 3 and 5.

The statement also said that they included the Holiday Inn and Suites Makati at Ayala Center and Seda Ayala Center Cebu.

“We believe in the synergistic goals between ALI as sponsor and AREIT. ALI has infused a total of P59 billion in assets into AREIT since its IPO in 2020,” ALI president and chief executive officer, and AREIT chairman Anna Ma. Margarita Dy said.

“The inclusion of Ayala Tower Two and Greenbelt 3 and 5 — some of ALI’s prime assets in Makati, is a testament to our continued commitment to AREIT’s long-term growth,” she added.