ADVERTISEMENT
Manila Bulletin devider Business devider The Stock Market devider Megaworld offloads MREIT, Suntrust stakes in ₱1.8-billion equity shuffle

Megaworld offloads MREIT, Suntrust stakes in ₱1.8-billion equity shuffle

Published Dec 22, 2025 01:34 pm
Lourdes Gutierrez-Alfonso and Kevin Tan
Lourdes Gutierrez-Alfonso and Kevin Tan
Top township developer Megaworld Corp. raised ₱1.86 billion through the sale of equity in its real estate investment trust (REIT) and its integrated resort subsidiary.
In a disclosure to the Philippine Stock Exchange on Monday, Dec. 22, Megaworld said the company sold 98 million shares of MREIT Inc. via a block sale at ₱13.5 apiece, generating ₱1.32 billion before taxes and fees.
Settlement for the transaction is scheduled for Dec. 23, 2025.
Megaworld said that it will submit a reinvestment plan detailing how the proceeds will be utilized, a requirement under the nation’s REIT laws.
Market analysts noted the MREIT sale likely serves as a tactical move to manage the trust’s public ownership levels.
Megaworld is preparing for a ₱16 billion asset-for-share swap with MREIT, an infusion of office assets that will increase the parent company's stake in the trust.
By trimming its position now, Megaworld ensures that MREIT remains compliant with the 33 percent minimum public float requirement following the upcoming asset injection.
Aurora Securities and BDO Securities acted as brokers for the deal.
In a separate filing, Megaworld disclosed it raised an additional ₱540 million by offloading 900 million shares of Suntrust Resort Holdings Inc. in the open market.
The sale represented a 12.41 percent stake in Suntrust and was executed at ₱0.60 per share. The identity of the buyer or buyers was not immediately disclosed. Because the shares were sold via a cross sale by Aurora, analysts suggested the stake may have been distributed among several investors at thresholds below five percent to avoid mandatory disclosure of beneficial ownership.
The divestment comes as Megaworld reshuffles its gaming interests. As of mid-October, Megaworld held a 34 percent stake in Suntrust, while Fortune Noble Ltd. and The Andresons Group Inc. held 51 percent and 0.63 percent, respectively.
Recently, Megaworld’s sister firm, Travellers International Hotel Group Inc., took majority control of the Westside Integrated Resort project. This followed an agreement where Suntrust, facing financial constraints, reduced its stake in the development to 20 percent.
The new arrangement with Travellers is intended to accelerate the completion of the Westside project in Parañaque City.
Once envisioned as the “Broadway of the Philippines,” the complex is set to feature a five-star hotel, a casino, and multiple theaters, including the Grand Opera House.
According to a revised implementation plan, the Westside City Main Casino is now targeted to open in the third quarter of 2026, a delay from its original 2025 launch window.

Related Tags

Megaworld Corporation MREIT Inc. Suntrust Resort Holdings Inc. The Andresons Group Inc. Andrew Tan
ADVERTISEMENT
.most-popular .layout-ratio{ padding-bottom: 79.13%; } @media (min-width: 768px) and (max-width: 1024px) { .widget-title { font-size: 15px !important; } }

{{ articles_filter_1561_widget.title }}

{{ item.title }}
.most-popular .layout-ratio{ padding-bottom: 79.13%; } @media (min-width: 768px) and (max-width: 1024px) { .widget-title { font-size: 15px !important; } }

{{ articles_filter_1562_widget.title }}

{{ item.title }}
.most-popular .layout-ratio{ padding-bottom: 79.13%; } @media (min-width: 768px) and (max-width: 1024px) { .widget-title { font-size: 15px !important; } }

{{ articles_filter_1563_widget.title }}

{{ item.title }}

{{ articles_filter_1564_widget.title }}

{{ item.title }}
.mb-article-details { position: relative; } .mb-article-details .article-body-preview, .mb-article-details .article-body-summary{ font-size: 17px; line-height: 30px; font-family: "Libre Caslon Text", serif; color: #000; } .mb-article-details .article-body-preview iframe , .mb-article-details .article-body-summary iframe{ width: 100%; margin: auto; } .read-more-background { background: linear-gradient(180deg, color(display-p3 1.000 1.000 1.000 / 0) 13.75%, color(display-p3 1.000 1.000 1.000 / 0.8) 30.79%, color(display-p3 1.000 1.000 1.000) 72.5%); position: absolute; height: 200px; width: 100%; bottom: 0; display: flex; justify-content: center; align-items: center; padding: 0; } .read-more-background a{ color: #000; } .read-more-btn { padding: 17px 45px; font-family: Inter; font-weight: 700; font-size: 18px; line-height: 16px; text-align: center; vertical-align: middle; border: 1px solid black; background-color: white; } .hidden { display: none; }
function initializeAllSwipers() { // Get all hidden inputs with cms_article_id document.querySelectorAll('[id^="cms_article_id_"]').forEach(function (input) { const cmsArticleId = input.value; const articleSelector = '#article-' + cmsArticleId + ' .body_images'; const swiperElement = document.querySelector(articleSelector); if (swiperElement && !swiperElement.classList.contains('swiper-initialized')) { new Swiper(articleSelector, { loop: true, pagination: false, navigation: { nextEl: '#article-' + cmsArticleId + ' .swiper-button-next', prevEl: '#article-' + cmsArticleId + ' .swiper-button-prev', }, }); } }); } setTimeout(initializeAllSwipers, 3000); const intersectionObserver = new IntersectionObserver( (entries) => { entries.forEach((entry) => { if (entry.isIntersecting) { const newUrl = entry.target.getAttribute("data-url"); if (newUrl) { history.pushState(null, null, newUrl); let article = entry.target; // Extract metadata const author = article.querySelector('.author-section').textContent.replace('By', '').trim(); const section = article.querySelector('.section-info ').textContent.replace(' ', ' '); const title = article.querySelector('.article-title h1').textContent; // Parse URL for Chartbeat path format const parsedUrl = new URL(newUrl, window.location.origin); const cleanUrl = parsedUrl.host + parsedUrl.pathname; // Update Chartbeat configuration if (typeof window._sf_async_config !== 'undefined') { window._sf_async_config.path = cleanUrl; window._sf_async_config.sections = section; window._sf_async_config.authors = author; } // Track virtual page view with Chartbeat if (typeof pSUPERFLY !== 'undefined' && typeof pSUPERFLY.virtualPage === 'function') { try { pSUPERFLY.virtualPage({ path: cleanUrl, title: title, sections: section, authors: author }); } catch (error) { console.error('ping error', error); } } // Optional: Update document title if (title && title !== document.title) { document.title = title; } } } }); }, { threshold: 0.1 } ); function showArticleBody(button) { const article = button.closest("article"); const summary = article.querySelector(".article-body-summary"); const body = article.querySelector(".article-body-preview"); const readMoreSection = article.querySelector(".read-more-background"); // Hide summary and read-more section summary.style.display = "none"; readMoreSection.style.display = "none"; // Show the full article body body.classList.remove("hidden"); } document.addEventListener("DOMContentLoaded", () => { let loadCount = 0; // Track how many times articles are loaded const offset = [1, 2, 3, 4, 5, 6, 7, 8, 9, 10]; // Offset values const currentUrl = window.location.pathname.substring(1); let isLoading = false; // Prevent multiple calls if (!currentUrl) { console.log("Current URL is invalid."); return; } const sentinel = document.getElementById("load-more-sentinel"); if (!sentinel) { console.log("Sentinel element not found."); return; } function isSentinelVisible() { const rect = sentinel.getBoundingClientRect(); return ( rect.top < window.innerHeight && rect.bottom >= 0 ); } function onScroll() { if (isLoading) return; if (isSentinelVisible()) { if (loadCount >= offset.length) { console.log("Maximum load attempts reached."); window.removeEventListener("scroll", onScroll); return; } isLoading = true; const currentOffset = offset[loadCount]; window.loadMoreItems().then(() => { let article = document.querySelector('#widget_1690 > div:nth-last-of-type(2) article'); intersectionObserver.observe(article) loadCount++; }).catch(error => { console.error("Error loading more items:", error); }).finally(() => { isLoading = false; }); } } window.addEventListener("scroll", onScroll); });
Join Our Newsletters

Sign up by email to receive news.

© 2025 Manila Bulletin The Nation's Leading Newspaper. All Rights Reserved.