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MREIT targets 1-M sqm lease portfolio

December 03, 2024

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The Philippine Star

The real estate investment trust (REIT) of Megaworld Corp. plans to amass a portfolio of one million square meters of gross leasable area (GLA) by the end of 2030 as it sets a three-year investment strategy aimed at increasing its shareholder value.

- By CATHERINE TALAVERA

In a regulatory filing yesterday, MREIT disclosed its three-year investment strategy prepared by MREIT Fund Managers Inc. (MFMI), which aims, among others, to reach a portfolio of one million sqm in GLA by the end of 2030.

"MFMI maintains its accelerated growth plan to increase the company's portfolio of high-quality, income-generating assets with GLA of 100,000 sqm each year to reach one million sqm by the end of 2030," the company said.

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