𝐵𝑢𝑖𝑙𝑑𝑠 𝑀𝑜𝑚𝑒𝑛𝑡𝑢𝑚 𝑓𝑜𝑟 𝑁𝑒𝑥𝑡 𝐺𝑟𝑜𝑤𝑡ℎ 𝑊𝑎𝑣𝑒 MREIT, Inc., the real estate investment trust of Megaworld, reported a strong third
Two out of the 14 buildings under the portfolio of MREIT, Inc. etched a historic milestone after each receiving a Powerful (4 stars) IMMUNE™ certification from Healthy by Design Building Institute (HDBI) – the first-ever recognition of its kind in entire Asia.
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.
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-sponsored MREIT is planning to grow its office assets size to 1 million square meters within the next five to ten years as it aims to be the ‘country’s fastest growing REIT with the longest expansion pipeline’ amongst listed REITs on the Philippine Stock Exchange.
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