Megaworld to Infuse More Assets to MREIT

Property giant Megaworld Corp. is planning to inject not only more office assets into MREIT Inc., but also mall developments in a bid to bolster the latter's portfolio and make it among the region's biggest real estate investment trust (REIT) companies.

- — Richmond Mercurio

Megaworld executive director Kevin Tan said the company is aiming to make MREIT as "one of the largest and most dynamic REITs in the region."

He said this would be supported by the solid assets and reputation of Megaworld as a developer.

"We are very excited to do more and achieve more, particularly with Megaworld's robust portfolio of having nearly 1.7 million square meters of office spaces and more than half a million square meters of retail spaces under its umbrella," Tan said.