Tag: MREIT
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MREIT bulked up with prime offices
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.
Capital boost sets stage for MREIT expansion
MREIT, Inc., the real estate investment trust of Megaworld Corp., has secured regulatory approval to raise its authorized capital stock (ACS) to P8 billion from P5 billion, clearing a major hurdle as it gears up for its next round of property infusions.
MREIT to hike capital to P8B for expansion
MREIT Inc., the real estate investment trust of billionaire Andrew Tan, has filed an application with the Securities and Exchange Commission to raise its...
Megaworld to reinvest MREIT proceeds in townships
Property developer Megaworld Corp. is set to reinvest approximately P3.4 billion in proceeds from its recent MREIT, Inc. share sales into expanding three of...
Megaworld reinvests P2.21B in MREIT projects
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.
