MREIT to add lifestyle malls to assets
The Andrew Tan Group’s MREIT Inc. is looking to diversify its asset portfolio by infusing its lifestyle malls into the company.
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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 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.
MREIT noted that the properties up for acquisition have an occupancy rate of 96%.
Megaworld Corp.-sponsored MREIT Inc. will acquire P5.3-billion prime PEZA-accredited office properties in the cities of Taguig and Iloilo to further expand its portfolio. The company said Monday that it has secured the approval of the Securities and Exchange Commission for the buyout covering Festive Walk 1B and Two Global Center in Iloilo Business Park and
The Securities and Exchange Commission has approved the property-for-share swap plan of MREIT Inc. and its sponsor Megaworld Corp.