Megaworld to inject P15B office assets into MREIT by H2 2026

Megaworld Corporation plans to significantly expand its real estate investment trust arm, MREIT Inc., by injecting new retail and office assets by the second half of 2026.

The company aims to infuse approximately 250,000 square meters of properties, including malls and offices, to fuel MREIT's growth.

Initially, Megaworld will inject 10 office assets valued at least P15 billion into MREIT, comprising nine properties in McKinley Hill and one in Eastwood City.

These office properties represent an estimated gross leasable area of 198,500 square meters.

The infusion of retail assets, specifically malls, is slated for the latter half of 2026, with around 70,000 square meters currently under consideration.

Megaworld is systematically reviewing all its mall properties for potential inclusion in MREIT to achieve a comprehensive asset infusion over time.