AREIT Announces Leadership Transition; Appoints Alberto de Larrazabal as President

Makati City, Philippines — 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.