The increase gives the REIT headroom to issue new shares and absorb fresh assets — starting with 10 Megaworld offices totaling roughly 198,500 square meters.
Once completed, the acquisition would boost MREIT’s portfolio by about 41 percent to 680,000 square meters, marking one of its biggest expansions since listing.
“With the approval of our ACS increase, we are now structurally positioned to pursue the next phase of our growth strategy,” said Jose Arnulfo C. Batac, president and CEO at MREIT.
“This milestone allows us to prepare for fresh acquisitions that will further scale our portfolio and support long-term value creation for our shareholders.”
Megaworld still holds around 900,000 square meters of office and retail space outside the REIT, giving MREIT a long runway for future infusions.
Retail assets are expected to follow the office rollout, opening the door for mall income and diversification once valuations and regulatory steps are met.
—Edited by Miguel R. Camus
