ADVERTISEMENT
Manila Bulletin devider Business devider The Stock Market devider Megaworld continues to pare down MREIT stake ahead of Wave 5 asset infusion

Megaworld continues to pare down MREIT stake ahead of Wave 5 asset infusion

Published Jul 15, 2026 10:37 am
Lourdes Gutierrez-Alfonso and Kevin Tan
Lourdes Gutierrez-Alfonso and Kevin Tan

Top township developer Megaworld Corp. has raised an additional ₱147.1 million from the latest sale of shares in its real estate investment trust (REIT) unit, MREIT Inc., to increase its public float ahead of its fifth wave of asset-for-share swap.

The Andrew Tan-led property firm said it sold 10.74 million MREIT common shares last Tuesday, July 14, at ₱13.70 per share through a block sale transaction. This comes after the firm recently raised a total of ₱5.6 billion from a series of block sales to pare down its MREIT stockholding.

The proceeds from the block sale will be settled on July 16, 2026. BDO Securities Corp. and BPI Securities Corp. acted as brokers for the transaction.

The company said the proceeds will be reinvested in 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 Chief Executive Officer (CEO) Lourdes Gutierrez-Alfonso.

She added, “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 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 (ha) eco-tourism township in San Vicente town, Palawan province; The Upper East (34 ha) in Bacolod City, Negros Occidental province; Capital Town (35.6 ha) in City of San Fernando, Pampanga province; The Mactan Newtown (30 ha) in Lapu-Lapu City, Cebu province; as well as Megaworld’s developments in Iloilo and Cavite provinces.

In Metro Manila, the proceeds will also support ArcoVia City (12 ha) in Pasig City.

“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 (sqm) of gross leasable area (GLA), bringing MREIT’s portfolio to more than 950,000 sqm and within sight of its one-million-sqm milestone well ahead of its 2027 target.

It will also mark MREIT’s most significant diversification to date, shifting its asset mix from more than 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 sqm of office GLA and one million sqm of retail GLA by 2030 to bring its total leasing portfolio to three million sqm. - James A. Loyola

Related Tags

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

{{ static_articles_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.