AREIT Inc., the real estate investment trust of Ayala Land Inc., will conduct a property-for-share swap with its sponsor involving P19.5 billion worth of malls. In a statement, AREIT said its board on Tuesday approved a property-for-share swap with Ayala Land and its wholly owned subsidiary, Summerhill Commercial Ventures Corp., where the two would subscribe to 441,131,656 primary common shares of AREIT in exchange for Ayala Center Cebu and Ayala Mall Feliz.The two properties have an aggregate value of P19. ...