MREIT Approves ₱16.2-Billion Office Asset Infusion to Expand Portfolio

MREIT, Inc., the real estate investment trust of Megaworld, has approved the infusion of nine Grade A office buildings from its sponsor through a property-for-share swap transaction valued at ₱16.22 billion, as part of its ongoing portfolio expansion strategy.

The assets to be infused include Science Hub Towers 1, 3, and 4; 8 Campus Place Buildings A, B, and C; One Campus Place Buildings A and B; and the South East Asian Campus (SEAC). All properties are located within PEZA-registered zones in McKinley Hill, Taguig City, one of Metro Manila’s established business districts. Several of the buildings, including 8 Campus Place Buildings A and B and SEAC, hold LEED certifications, reflecting adherence to internationally recognized sustainability standards.

The transaction will add 165,477 square meters of gross leasable area (GLA) to MREIT’s portfolio, increasing its total office GLA to 646,891 square meters upon completion.

“This latest infusion reflects MREIT’s continued focus on scaling up with high-quality, income-generating assets in prime locations,” said Jose Arnulfo Batac, President and Chief Executive Officer of MREIT, Inc. “These assets further enhance portfolio quality and support our objective of delivering stable and sustainable returns to our shareholders.”

Following the completion of this transaction, MREIT plans to undertake another round of asset infusions within 2026, which is expected to expand the portfolio to approximately 750,000 square meters of GLA. As previously disclosed, the next tranche is anticipated to include selected mall assets, providing further diversification of income streams.

The planned infusions are part of MREIT’s broader growth strategy to build a diversified portfolio of premium office properties and lifestyle malls, in line with its long-term target of reaching 1 million square meters of gross leasable area by 2027.