Mreit Inc., the real estate investment trust (REIT) of Megaworld Corp., said it will acquire six office properties with a total value of P13.15 billion from its sponsor firm.
Mreit Inc., the real estate investment trust of Megaworld Corp., said it will acquire six office properties with a total value of P13.15 billion from its sponsor firm.
The acquisition includes Two West Campus, Ten West Campus and One Le Grand in McKinley West in Taguig, One Fintech and Two Fintech in Iloilo Business Park and Davao Finance Center in Davao Park District. The purchase price of the properties is based on appraisal reports and validated by a third-party fairness opinion, which were presented to and approved by the company’s RPT Committee and its board.
We are immediately working on the next set of acquisitions to reach our target assets under management before the year concludes,” Kevin Andrew L. Tan, the company’s president and CEO, said.
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