The Megaworld-backed REIT will acquire nine Grade A office buildings in McKinley Hill with a 97 percent occupancy rate, with income counted retroactively from Jan. 1, giving investors an instant uplift in returns.
Quality tenants, lower risk
More than 80 percent of the portfolio is leased to Global Capability Center tenants, anchoring the assets with long-term contracts and reducing vacancy risk while stabilizing cash flows.
“This approval marks another important milestone in MREIT’s growth journey,” said Kevin L. Tan, chair of MREIT Inc.
“Wave 4 represents a key step in scaling the platform while maintaining our focus on disciplined and accretive expansion,” he added.
Scale and pricing strength
The acquisition expands MREIT’s gross leasable area by 34 percent to about 647,000 square meters, while the deal was executed at a 15 percent premium to its 30-day volume-weighted average price, signaling asset quality and supporting dividend growth.
With a visible pipeline from sponsor Megaworld and plans to expand into retail under the next save of infusions, MREIT is reinforcing its strategy as a stable, income-generating REIT with a clear runway for further expansion.
This will begin the company’s diversification into retail properties, starting with several mall assets targeted for the second half of 2026.
—Edited by Miguel R. Camus
