MREIT, Inc., the real estate investment trust (REIT) arm of property giant Megaworld Corp., is gearing up to double its gross leasable area (GLA) to 1 million square meters by 2027—this time by integrating retail and mall assets into its predominantly office-based portfolio.
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.
Megaworld Corp., the listed property development business of billionaire Andrew Tan, said it has sold 168.6 million ommon shares of its sponsored retail estate and investment trust, MREIT Inc., in a block sale transaction that raised around P2.24 billion before fees and taxes.
Megaworld Corp., the listed property development arm of billionaire Andrew Tan, is accelerating the expansion of its retail and commercial portfolio, adding over 30,000 square meters of new space this year through its retail arm, Megaworld Lifestyle Malls.
EEI Corp., one of the country’s leading construction firms, announced a major boost in its third-quarter project acquisitions for 2025, securing contracts worth a total of P19.1 billion, a significant turnaround from last year.
Global cybersecurity firm Kaspersky is calling on public and private organizations in the Philippines to move beyond traditional defenses and adopt “cyber immunity” — a security-by-design approach meant to keep systems resilient even when attacked.
Robinsons Retail Holdings Inc., the Gokongwei Group’s flagship retail arm, has extended its ongoing share buyback program and allocated an additional P2 billion to repurchase more of its shares, strengthening efforts to boost shareholder value five years after the initiative began at the height of the pandemic.
The Bangko Sentral ng Pilipinas (BSP) is set to release a new book next year titled “Risk and Resilience in the Philippine Financial System: How Much Has Changed?” The volume examines the major financial crises that have shaped the country’s financial system, the policy responses that followed, and the lessons these events left behind.
Manila Water Foundation (MWF), together with Cebu Water, Tagum Water, and local water districts, has strengthened its water, sanitation, hygiene (WASH), and sustainability programs in Cebu Province and Davao del Norte.