MANILA - The real estate investment trust (REIT) initial public offering (IPO) of Filinvest Land Inc has secured the approval of the Philippine Stock Exchange, it said Monday.

Filinvest REIT Corp received the notice of approval on July 8 for the listing under the main board of the PSE, the real estate company said in a statement.

Filinvest REIT on July 6 also received the green light from the Securities and Exchange Commission.

Ayala Land's AREIT and DoubleDragon's DDMP are already listed in the stock exchange.

Several more firms are seeking to offer REITs including Gokongwei's Robinsons Land and the Andrew Tan-led Megaworld.

• Robinsons Land Corp seeks approval of its real estate investment trust offer
• Megaworld wants REITs offering to be among 'biggest' in Southeast Asia
• Filinvest real estate invest trust offering secures SEC nod
• Filinvest unit files registration statement covering REIT initial public offering

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