Philippines' DoubleDragon plans $1.3b multi-year REIT offering

Philippines' DoubleDragon plans $1.3b multi-year REIT offering

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The Philippines’ DoubleDragon Properties Corp plans a sale of shares worth up to 66 billion pesos ($1.3 billion) in a real estate investment trust (REIT), starting this year, to generate funds for expansion, its chairman said on Wednesday.