MANILA, Philippines – Property giant Ayala Land Inc. is set to sell its 50 percent stake in the operator of premier lifestyle mall Alabang Town Center for P13.5 billion. In a disclosure Tuesday, the company said it had signed the share purchase agreement with its existing joint venture partner. READ: Ayala Land starts P15-B bond offer The transaction is still subject to customary closing conditions, it noted. “Proceeds from the sale will fuel further growth in our leasing portfolio and provide our stakeholders with a return of capital,” Ayala Land said.... Keep on reading: Ayala Land sells Alabang Town Center stake for P13.5B