AREIT, Inc. (PSE:AREIT) agreed to acquire 276 hectares of industrial land located in Zambales from Buendia Christiana Holdings, Corp. for PHP 6.4 billion on November 16, 2023. As consideration AREIT will issue its 199,109,438 new shares.

The transaction was approved by the Board of Directors of AREIT and ACEN and is subject to the approval of AREIT shareholders and relevant regulatory bodies thereafter.