MREIT, Inc. (MREIT), the real estate investment trust of Megaworld, has announced a significant milestone in its growth strategy with the approval of a Php16.22 billion asset infusion by its Board of Directors.
This transaction involves the addition of nine Grade A office buildings through a property-for-share swap, further solidifying MREIT’s position as a leading player in the real estate investment trust sector.
The newly infused assets include Science Hub Towers 1, 3, and 4; 8 Campus Place Buildings A, B, and C; One Campus Place Buildings A and B; and South East Asian Campus (SEAC).
These properties are located within PEZA-registered zones in McKinley Hill, Taguig City, one of Metro Manila’s premier business districts.
Notably, several of these buildings, such as 8 Campus Place Buildings A and B and SEAC, are LEED-certified, showcasing their alignment with globally recognized sustainability standards.
This strategic move will add 165,477 square meters of gross leasable area (GLA) to MREIT’s portfolio, increasing its total office GLA to 646,891 square meters upon completion.
The infusion underscores MREIT’s commitment to scaling up with high-quality, income-generating assets in prime locations.
“This latest infusion reflects MREIT’s continued focus on scaling up with high-quality, income-generating assets in prime locations,” said Jose Arnulfo Batac, President and CEO of MREIT, Inc. “These assets further strengthen portfolio quality and support our objective of delivering stable and sustainable returns to our shareholders.”
Looking ahead, MREIT plans to pursue another round of asset infusions in 2026, which is expected to expand its portfolio to approximately 750,000 square meters of GLA.
The next tranche is anticipated to include select mall assets, further diversifying MREIT’s income base.
These initiatives are part of MREIT’s long-term growth strategy to achieve a portfolio of 1 million square meters of GLA by 2027.
