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The Andrew Tan Group’s MREIT Inc. is looking to diversify its asset portfolio by infusing its lifestyle malls into the company.
MREIT Inc., the real estate investment trust of Megaworld Corp., is aiming to expand its gross leasable area by 100,000 square meters by the end of the year.
MREIT Inc., the Andrew Tan-led real estate investment trust, reported a distributable income of P2.5 billion last year, more than double the P1.1 billion recorded in 2021.
The Securities and Exchange Commission has approved the property-for-share swap plan of MREIT Inc. and its sponsor Megaworld Corp.