Ayala taps REIT to snag foreign cash for Philippine office boom

Pandemic drives demand for call centers

20200819N Ayala Land

A property in central Manila owned by Ayala Land. (Photo by Jun Endo)

JUN ENDO and TAKEHIRO HASEGAWA, Nikkei staff writer

MANILA/TOKYO -- With the novel coronavirus pandemic accelerating office demand in the Philippines instead of shrinking it, Ayala Corp. has set itself up for new commercial developments with the aid of foreign investors.

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