UK fund manager invests in Ayala Land
UK-based investment fund Standard Life Aberdeen Plc has accumulated a total of 8.83 percent of property giant Ayala Land Inc.
In a beneficial ownership report filed with the Philippine Stock Exchange, the Edinburgh-headquartered fund manager said it acquired an aggregate 1.3 billion shares of ALI from June 20 to Aug. 14.
A leading global asset manager, Standard Life Aberdeen is dedicated to create long-term value for its clients.
ALI is engaged in the planning and development of large scale, integrated estates having a mix of use for the sale of residential lots and buildings, office buildings and commercial and industrial lots, leasing of commercial and office spaces and the development, operation and management of hotels and resorts.