MREIT buys four office towers from its parent for P9.1 billion The MREIT [MREIT 18.32 0.11%] board approved the purchase of 4 office towers, with 55,700 sqm of gross leasable area (GLA), for P9.1 billion in cash from its parent company and sponsor, Megaworld [MEG 3.06 0.66%]. The new towers will bring MREIT’s portfolio…
MREIT to acquire 4 prime assets MREIT Inc., the real estate investment trust (REIT) company of township developer Megaworld, is finalizing the acquisition of four grade A, Philippine Economic Zone Authority-accredited properties by December this year. Subject to final approvals, the company is looking to acquire Two Techno Place, Three Techno Place and One…
