Tycoon Kevin Tan-led MREIT Inc. announced plans to buy six office properties worth P13.15 billion from parent firm Megaworld Corp. This will upsize its portfolio by 48 percent to 482,000 square meters.
Tycoon Andrew Tan’s Megaworld Corp. is boosting investments in Cebu, Pasig and Bacolod after raising P500 million from the sale of shares in subsidiary MREIT Inc.
Billionaire Andrew Tan’s Megaworld Corp. received a P500 million boost to support expansion after selling a 1.5 percent stake real estate investment trust subsidiary MREIT Inc.