Business
MREIT to Inject P27 Billion in Assets, Expanding Portfolio
MREIT, the real estate investment trust of Megaworld Corp., announced a P27-billion property infusion, marking the largest asset injection to date among publicly listed REITs in the Philippines. This move significantly expands its portfolio to P122 billion.
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MREIT Inc., a Philippine real estate investment trust, announced a massive P27-billion asset infusion through a property-for-share swap. This move aims to diversify its revenue streams by significantly increasing mall and hotel assets, shifting from its predominantly office-centric portfolio.