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Megaworld to add 250,000 sq.m. to MREIT
Business World Philippines
|December 08, 2025
LISTED property developer Megaworld Corp. is planning to inject additional office and retail assets into its real estate investment trust MREIT, Inc. next year.
"We'll add another 250,000 square meters of mostly malls and offices," Kevin Andrew L. Tan, president and chief executive officer of parent firm Alliance Global Group, Inc. (AGI), told reporters last week.
Megaworld Investor Relations Head Andy Dela Cruz said the company plans to infuse office assets first, followed by mall assets by the second.
The company plans to inject 10 office assets into MREIT, with a valuation of at least P15 billion.
"We are currently reviewing all the malls under Megaworld, because the goal is really to infuse everything, step by step," Mr. Dela Cruz said.
MREIT is targeting to expand its asset portfolio to one million square meters (sq.m.) of gross leasable area (GLA) by 2027.
This story is from the December 08, 2025 edition of Business World Philippines.
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