Megaworld Corp., the listed property development arm of billionaire Andrew Tan, has raised about P1.27 billion from a block sale of shares in MREIT Inc., as it continues to recycle capital and fund ongoing developments.
MREIT is the listed real estate investment trust sponsored by Megaworld.
Megaword sold 91.16 million common shares at P13.90 each on Wednesday, April 29. Settlement of the transaction is scheduled for May 4, 2026.
The sale forms part of Megaworld’s broader capital management strategy, which typically involves monetizing mature income-generating assets through its real estate investment trust platform to free up funds for new projects.
Proceeds from the transaction will be subject to a reinvestment plan, which the company said it will submit in due course, outlining how the funds will be redeployed.
BDO Securities Corp. acted as broker for the deal.
The move comes as property developers increasingly tap REIT structures to unlock value from stabilized assets while maintaining exposure to recurring income streams, allowing firms like Megaworld to sustain expansion across residential, office, and township developments.
