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...
Megaworld Corp., the pioneer of the integrated township model in the country, is projecting continued growth this year after reporting its third consecutive year of record earnings. Lourdes Gutierrez-Alfonso, Megaworld president and chief executive officer, said the property giant plans to...
Top township developer Megaworld Corp. is expanding its footprint into Northern Luzon with the launch of a ₱2-billion beachside residential project in Ilocos Norte. In a statement on Wednesday, Feb. 25, Megaworld said the development, dubbed Ilocandia Beach Village, serves as the first...
Andrew Tan-led township developer Megaworld Corp., through its retail and commercial arm Megaworld Lifestyle Malls, is investing ₱10 billion to build four malls, which will add more than 150,000 square meters (sqm) of gross floor area (GFA) to its retail portfolio. The firm said in a disclosure...
Top township developer Megaworld Corp. is raising its capital expenditure by 30 percent this year to ₱65 billion amid its pivot toward aggressive expansion in provincial markets. In a disclosure to the Philippine Stock Exchange, the firm said the developer, which had previously earmarked ₱50...
Top township developer Megaworld Corporation is rolling out this year its AI-powered homes in select residential properties, starting with Park McKinley West in Taguig City through a partnership with global technology leader Samsung. As artificial intelligence (AI) continues to reshape everyday...
Top township developer Megaworld Corp. is embarking on a multi-year expansion of its meetings and exhibitions business across its nationwide township portfolio as it looks to capitalize on rebound in regional tourism. In a disclosure to the Philippine Stock Exchange on Wednesday, Jan. 21, the...
Top office landlord Megaworld Corp. is aiming to attract more Fortune 500 multinational companies (MNCs) to set up shop in its townships, as the firm continues expanding office spaces toward its two-million-square-meter (sqm) target. To further cement its status as the Philippines’ biggest office...
Top township developer Megaworld Corp. is investing an initial ₱8 billion to develop the 97-hectare “The Sugartown” along the Bacolod-Silay Airport Road in Talisay City, Negros Occidental. In a disclosure to the Philippine Stock Exchange, the firm said this will be its 37th township...
Top township developer Megaworld Corp. has divested more of its stake in integrated resort developer Suntrust Resort Holdings Inc., bringing its holdings down to 23.65 percent of the affiliate’s outstanding capital. In a disclosure to the Philippine Stock Exchange (PSE), Megaworld said it...
