MREIT, Inc., the REIT company of the country’s largest office landlord Megaworld, reported net income of P2.0-billion for the six months period ending December 2021, inclusive of a fair value gain on MREIT’s investment properties of P702.0- million.
Just a month after it announced its 28th township, the 85-hectare Northwin Global City in Marilao and Bocaue in Bulacan, Megaworld is developing around 16 hectares of land to become the township’s central business district (CBD), which will be aptly called the Northwin Main Street.
Subject to final approvals, MREIT is looking to acquire Two Techno Place, Three Techno Place, and One Global Center, which are located in Iloilo Business Park; as well as World Finance Plaza in McKinley Hill in Fort Bonifacio, Taguig.
Megaworld Premier Offices grew its office lease target by 12% during the first nine months of 2021 even amid the pandemic restrictions imposed during the period.
Property giant Megaworld is developing 85-hectares of land along the North Luzon Expressway (NLEX) in the municipalities of Marilao and Bocaue in Bulacan to transform it into a ‘global business district’ that will give the province its first-ever metropolitan hub for business and lifestyle.
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