MREIT plans to acquire 7 new office assets in 3 cities

MREIT Inc., the REIT company of Megaworld Corp., is eyeing the acquisition of seven grade A office assets from Megaworld Corp. with a total gross leasable area of around 150,500 square meters (sqm).

This after the two companies signed a memorandum of understanding for the possible acquisition of the said assets.

These potential additions include Two West Campus (9,500 sqm) and Ten West Campus (36,400 sqm) in McKinley Hill, Science Hub Tower 3 (20,500 sqm) and Science Hub Tower 4 (20,700 sqm) in McKinley West, One Fintech Place (18,200 sqm) and Two Fintech Place (18,100 sqm) in Iloilo Business Park, and Davao Finance Center (27,100 sqm) in Davao Park District.

In aggregate, these assets generated P1.2 billion of rental income in 2022. (PR)