Megaworld Corp. has raised about P516.49 million after selling 37.7 million shares in MREIT Inc. through a block sale, a move that provides fresh capital while maintaining the property giant’s ability to recycle investments.
The transaction, completed on July 10, involved the sale of MREIT shares at P13.70 apiece.
Settlement of the transaction is scheduled for July 14.
Megaworld said it will submit a Reinvestment Plan detailing how the proceeds from the share sale will be deployed, in line with regulatory requirements governing property firms that monetize assets through real estate investment trusts.
The block sale underscores how REIT sponsors continue to use the capital recycling model, allowing developers to unlock value from income-generating assets while generating funds that can be reinvested into new office, commercial, and mixed-use developments.
Such transactions have become an important financing strategy for listed property companies, enabling them to raise capital without significantly increasing debt while supporting their long-term expansion pipeline.
BDO Securities, Maybank Securities, and BPI Securities acted as brokers for the transaction.
Megaworld remains the sponsor of MREIT, one of the country’s largest office-focused real estate investment trusts, whose portfolio consists of income-generating office properties located in key business districts. The latest share sale reflects the continued use of the REIT platform as a funding vehicle for future growth while broadening market participation in Philippine commercial real estate.
