MREIT, Inc., the real estate investment trust of Megaworld Corp., is expanding its footprint after its board approved the infusion of nine Grade A office buildings through a property-for-share swap valued at P16.22 billion.
The assets—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)—are all located within PEZA-registered zones in McKinley Hill, Taguig City, one of Metro Manila’s established business districts. Several of the properties, including 8 Campus Place Buildings A and B and SEAC, are LEED-certified, aligning the portfolio with globally recognized sustainability standards.
The transaction adds 165,477 square meters of gross leasable area (GLA) to MREIT’s portfolio, lifting its total office GLA to 646,891 square meters once completed. The newly infused assets are income-generating and reinforce the REIT’s concentration on prime, master-planned locations with strong tenant demand.
“This latest infusion reflects MREIT’s continued focus on scaling up with high-quality, income-generating assets in prime locations,” said MREIT President and CEO Jose Arnulfo Batac. He added that the assets enhance portfolio quality while supporting the company’s goal of delivering stable and sustainable returns to shareholders.
MREIT said it plans to pursue another round of asset infusions within 2026, which could expand its portfolio to about 750,000 square meters of GLA. The next tranche is expected to include select mall assets, further diversifying income streams beyond offices.
The planned infusions form part of MREIT’s broader growth strategy, which targets a portfolio of 1 million square meters of GLA by 2027. By steadily adding premium offices and lifestyle malls from its sponsor, MREIT aims to scale earnings while maintaining portfolio quality and long-term visibility for investors.
