Bloomberg News

Ayala Land Chief Says There Are Talks With Government on REITs

September 28, 2011

Sept. 29 (Bloomberg) -- Ayala Land Inc. President Antonino Aquino said “there are discussions we’re having” with government on real estate investment trusts.

“Private sector is always willing to dialogue so we can get this thing implemented and moving as soon as possible,” Aquino said in a forum in Manila today. Aquino said he expects “some tension” given government’s tax drive and the “required incentives” under the REITs.

To contact the reporter on this story: Joel Guinto at jguinto1@bloomberg.net

To contact the editor responsible for this story: Cecilia Yap at cyap19@bloomberg.net


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