MREIT, a company designated by Megaworld Corporation to operate as Real Estate Investment Trust, has announced that it is set to acquire four prime, grade
MREIT injecting office assets worth ₱5 3B cnnphilippines.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cnnphilippines.com Daily Mail and Mail on Sunday newspapers.
Mreit Inc., the real estate investment trust (REIT) of Andrew Tan-led property developer Megaworld Corp, will again acquire four prime office properties of its sponsor worth P5.3 billion in Philippine Economic Zone Authority-accredited zones in Iloilo and Taguig. The said acquisition is about a quarter of Mreit’s plan to acquire…
MREIT, the real estate investment trust vehicle of Andrew Tan-led Megaworld, will acquire P5.3 billion worth of prime office properties in PEZA-accredited zones, raising its portfolio value to P65 billion.
Megaworld Corp., the property development arm of businessman Andrew Tan, said its attributable net income grew 36 percent last year to P13.43 billion from the previous year’s P9.88 billion. Consolidated revenues increased 17 percent to P50.75 billion from the previous year’s P43.54 billion. For the fourth quarter alone, its revenues…