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Manila Bulletin devider Business devider The Stock Market devider Megaworld boosts war chest for fifth MREIT asset infusion

Megaworld boosts war chest for fifth MREIT asset infusion

Published Jul 13, 2026 09:59 am
Megaworld Corporation, the flagship real estate company of tycoon Andrew Tan, has raised a total of ₱5.6 billion from multiple block sales of shares of real estate investment trust unit MREIT Inc. between April and July 2026, in preparation for the fifth wave of asset infusion into MREIT
In a disclosure to the Philippine Stock Exchange, Megaworld said it has raised an additional ₱516.49 billion from the sale of 37.7 million common shares of MREIT at ₱13.70 per share last July 10 under a block sale transaction at the bourse. The proceeds from the block sale shall be settled on July 14, 2026.
The company said with the proceeds to be reinvested into the next phase of recurring income-generating developments in Megaworld townships across the Philippines.
“Our townships are designed to grow holistically. As each estate matures, it creates new opportunities to introduce offices, malls, hotels, residences, and lifestyle destinations that reinforce one another and expand the value of the whole community,” said Megaworld President and CEO Lourdes Gutierrez-Alfonso.
She added that, “Through MREIT, we are able to bring that value cycle forward, allowing capital from stabilized assets to help build the next generation of developments and expand our recurring income platform across our townships.”
The reinvestment reinforces the strategic role of MREIT, Inc. as Megaworld’s capital recycling platform. Through MREIT, Megaworld is able to unlock value from mature, income-generating assets and redeploy capital into new offices, malls, hotels, and other township components that are expected to expand its stable recurring income base.
In its provincial growth centers, Megaworld is advancing developments that combine tourism, office, retail, hospitality, and residential components.
These include Paragua Coastown, a 462-hectare eco-tourism township in San Vicente, Palawan; The Upper East (34 hectares) in Bacolod City; Capital Town (35.6 hectares) in the City of San Fernando, Pampanga; The Mactan Newtown (30 hectares) in Lapu-Lapu City, Cebu; as well as Megaworld’s developments in Iloilo and Cavite.
In Metro Manila, the proceeds will also support ArcoVia City (12 hectares) in Pasig.
“MREIT’s next phase of growth goes beyond scale. Wave 5 expands the platform from an office-led portfolio into a broader township-backed REIT with a deeper mix of mall and hotel assets. This gives shareholders access to a wider range of recurring income streams generated within Megaworld’s integrated estates, where each component strengthens the others to drive long-term value creation,” said MREIT Chairman Kevin L. Tan.
The Wave 5 infusion will add 303,500 square meters of GLA, set to bring MREIT’s portfolio to over 950,000 square meters and within sight of its one-million-square-meter milestone well ahead of its 2027 target.
It will also mark MREIT’s most significant diversification to date, shifting its asset mix from over 95 percent office to approximately 77 percent office, 20 percent mall, and three percent hotel.
Megaworld continues to pursue its long-term leasing expansion strategy, targeting two million square meters of office gross leasable area (GLA) and one million square meters of retail GLA by 2030, to bring its total leasing portfolio to three million square meters.—James A. Loyola

Related Tags

Megaworld Corporation MREIT Inc. Kevin L. Tan Lourdes Gutierrez-Alfonso
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