MREIT appoints Kevin Tan as chair, Jose Batac as president and CEO

MREIT Inc., the real estate investment trust subsidiary of developer Megaworld Corp., has appointed Kevin Tan as its new chair and Jose Batac as president and CEO, effective June 1.

Kevin Tan, who is also the president of Alliance Global Group Inc. and an executive director at AGI, will oversee MREIT's growth following his appointment as chair.

Batac, who has been with Megaworld for a decade, previously led the estate management group and corporate ventures and partnership arm before becoming COO.

Under Tan's leadership, MREIT expanded its gross leasable area to 482,000 square meters across 24 prime office properties in various Megaworld townships.

This year, MREIT plans to expand its portfolio by 24.5 percent to 600,000 sq m and aims for a 1 million sq m expansion goal by the end of the decade.