AREIT announces leadership transition

AREIT, Inc., the Philippines’ first publicly listed Real Estate  Investment Trust (REIT) and a pioneer in sustainable commercial leasing, announced today the  appointment of Alberto M. de Larrazabal as its new President, effective August 13, 2025. He succeeds  Jose Eduardo A. Quimpo II, who steps down after a successful tenure leading the company through  accelerated growth and diversification.

De Larrazabal is Chief Financial Officer of Ayala Corporation through year-end, bringing over two  decades of experience in corporate finance, strategy, and operations to the role. He has held senior  finance roles at Globe Telecom, San Miguel Corp., and JP Morgan Hong Kong. He brings extensive  experience in M&A, Investor Relations, and Enterprise Transformation—capabilities that align closely  with AREIT’s next growth horizon.

“We are delighted to welcome Albert as President and CEO of AREIT. His strategic insights, financial  expertise, and deep understanding of the markets and our ecosystem makes him the ideal leader to  continue to drive the execution of AREIT’s growth and diversification plans,” said Meean B. Dy, AREIT  Chairman. 

During his tenure as AREIT President and CEO, Quimpo steered the company toward continued growth,  overseeing the increase of its Assets Under Management (AUM) from P87 billion to a projected P138  billion and diversification in asset class and geography. This growth trajectory includes a P21 billion  infusion championed under his leadership, an initiative that underscores his focus on scaling the  portfolio and unlocking long-term value. This transition reflects AREIT’s disciplined leadership  development and commitment to continuity and performance.

This leadership transition underscores AREIT’s commitment to good governance, succession planning,  and its strategy of maintaining best-in-class management as it continues to pursue accretive growth and  deliver long-term value to shareholders