Property

MREIT Inc., the real estate investment trust of Megaworld Corp., has secured Securities and Exchange Commission approval for its P27-billion Wave 5 property-for-share swap, clearing the way for its largest asset acquisition and pushing assets under management to about P122 billion.

Market! Market! will remain a major commercial and transport hub in Bonifacio Global City for more than another decade after the Bases Conversion and Development Authority (BCDA) and Ayala Land Inc. secured a 12-year lease extension backed by a P1-billion modernization program.

The Philippine hotel industry is poised to expand its investment pipeline beyond 40,000 rooms over the next five years, underscoring developers’ longer-term confidence in tourism despite mounting geopolitical and travel-cost risks.

Century Properties Group (CPG) is putting P5.6 billion into a premium housing project in General Trias, Cavite, as it expands beyond Metro Manila to capture rising residential demand around Southern Luzon’s growing industrial and employment centers.

Avida Land is building climate resilience into its residential projects, using flood assessments, stormwater controls, and water- and energy-efficient features to reduce property risks as extreme weather becomes more frequent and severe.