MREIT eyes fresh P15B property infusion

MREIT Inc., the Reit company of township developer Megaworld, reiterates its commitment to deliver on its P20 billion acquisition plan for 2022. In line with this, the company is already in discussion with sponsor Megaworld for the infusion of an additional P15 billion worth of commercial assets. This follows the announcement last month of MREIT’s injection of P5.3 billion worth of assets via a property for a share swap with the sponsor. MREIT president and chief executive officer Kevin Tan said for the company’s next infusion, it is already considering properties from townships in key growth areas outside of Metro Manila where MREIT does not have a presence yet. He said this will further diversify the company’s portfolio and tap into other growth centers around the country. (PR)