MREIT Inc., the real estate investment trust (REIT) of Andrew Tan-led Megaworld Corp., has secured the Securities and Exchange Commission’s (SEC) approval for the fourth wave of its property-for-share swap transaction worth ₱16.2 billion. This paves the way for MREIT to proceed with the...
Andrew Tan-led top township developer Megaworld Corp. has raised ₱945 million from the sale of shares of its real estate investment trust (REIT), MREIT Inc., to reduce its stake in the subsidiary and pave the way for a fresh asset infusion in exchange for new shares. In a disclosure to the...
MREIT Inc. (MREIT), the real estate investment trust (REIT) of Andrew Tan-led top township developer Megaworld Corp., reported an 18-percent growth in attributable net income to ₱3.7 billion, driven by higher occupancy and sustained leasing momentum across its office portfolio. In a disclosure...
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...
Megaworld Corp. has finalized the infusion of ₱16.22 billion worth of office assets at McKinley Hill in Taguig City into its real estate investment trust (REIT), MREIT Inc., through its latest batch of property-for-share swaps. The firms disclosed to the Philippine Stock Exchange (PSE) that...
MREIT Inc., the real estate investment trust (REIT) of top office landlord Megaworld Corp., posted a 27-percent growth in distributable income to ₱2.8 billion as of end-September, driven by the contribution of six newly acquired office properties in 2024, higher occupancy, and sustained rental...
Megaworld Corp. plans to expand its real estate investment trust MREIT Inc. by transferring 10 office buildings valued at approximately ₱20 billion in exchange for newly issued shares. In a disclosure to the Philippine Stock Exchange, MREIT said it is looking to issue and list up to 1.36 billion...
Top township developer Megaworld Corp. is subscribing to an initial ₱187.5 million in its real estate investment trust MREIT Inc., which is increasing its authorized capital by ₱3 billion in preparation for the next batch of its share-for-asset swap. In a disclosure to the Philippine Stock...
Top township developer Megaworld Corp. is reinvesting ₱3.4 billion from the recent sale of MREIT Inc. shares to expand the offerings of its three township developments in Bacolod, Mactan, and Palawan. In a disclosure to the Philippine Stock Exchange (PSE), the firm said portions of the share...
MREIT, Inc. (MREIT), the real estate investment trust of Megaworld Corp., reiterated its plan to acquire mall and retail assets from its sponsor as part of its plan to double its portfolio to one million square meters of gross leasable area (GLA) by 2027. The firm disclosed to the Philippine Stock...
Top township developer Megaworld Corp. continues to lighten up on its stake in MREIT Inc., this time selling ₱2.24 billion worth of the real estate investment trust’s (REIT) shares, in preparation for its fourth wave of asset infusion. In a disclosure to the Philippine Stock Exchange (PSE),...
Top township developer Megaworld Corp. and MREIT Inc. are looking at about three more waves of asset infusions amounting to 520,000 square meters of gross leasable area (GLA) over the next two years in order to hit the real estate investment trust’s target portfolio size of one million square...
