AREIT, Inc., the country’s first publicly listed Real Estate Investment Trust (REIT) and a pioneer in sustainable commercial leasing, has appointed Alberto M. de Larrazabal as its new president effective August 13, 2025.
De Larrazabal, who will continue as chief financial officer of Ayala Corporation until year-end, succeeds Jose Eduardo A. Quimpo II, who led AREIT through a period of accelerated growth and portfolio diversification.
“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.
With more than two decades of experience in corporate finance, strategy, and operations, De Larrazabal has held senior posts at Globe Telecom, San Miguel Corp., and JP Morgan Hong Kong. His expertise spans mergers and acquisitions, investor relations, and enterprise transformation—skills seen as critical to steering AREIT’s next growth phase.
Under Quimpo’s leadership, AREIT grew its assets under management from P87 billion to a projected P138 billion, broadened its asset classes and geographic footprint, and oversaw a P21-billion infusion to scale its portfolio and unlock long-term value.
The leadership change reflects AREIT’s commitment to disciplined succession planning and its focus on sustaining high governance standards while pursuing accretive growth and delivering consistent returns to shareholders.
