Megaworld Corp., the property arm of billionaire Andrew Tan, announced it will reinvest P2.21 billion into township development projects under its real estate investment trust (REIT) vehicle, MREIT Inc. The move follows the sale of 168.6 million MREIT common shares, averaging P13.28 per share, which generated the reinvestment proceeds.
In compliance with the REIT Law, Megaworld will channel the funds into ongoing developments in key growth areas across the country—namely Cebu, Bacolod, and Palawan—between the third quarter of 2025 and the second quarter of 2026. These projects include mixed-use estates composed of malls, offices, and other commercial assets that are expected to be infused into MREIT in the future.
Specifically, Megaworld has earmarked P830 million for Mactan Newtown in Cebu, which is already 73 percent complete; P845 million for the Paragua Coastown in Palawan, now at 42 percent completion; and P537.9 million for the Bacolod projects, which are 69 percent complete.
The company emphasized that while it has no immediate plans to acquire additional land, it remains open to doing so should favorable opportunities arise. “There is nothing preventing [Megaworld] from doing so in the future, in accordance with the requirements of the law,” the firm noted in a disclosure.
The reinvestment underscores Megaworld’s strategy of strengthening MREIT’s portfolio through value-enhancing developments, which also supports the broader REIT ecosystem in the Philippines. By aligning capital recycling with long-term project growth, Megaworld is positioning both itself and MREIT for sustained expansion.
