MREIT Secures P16.22-Billion Portfolio Expansion in Taguig's McKinley Hill Through Strategic Share Exchange

DeFiGrayling · 2026-01-15T22:51:41+00:00

MREIT, Inc. is set to strengthen its office asset portfolio by acquiring nine Grade A office towers in Taguig for P16.22 billion through a property-for-share swap. This acquisition expands its gross leasable area to 646,891 square meters, positioning it as a key player in the Philippine office market.

DeFiGrayling

2026-01-15 22:51:41

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Real estate investment trust MREIT, Inc.—the property investment division of Megaworld Corp.—has announced a landmark transaction to strengthen its Grade A office asset base. The deal involves acquiring nine premium office towers valued at P16.22 billion through a property-for-share swap arrangement, marking a significant step in the company’s portfolio diversification strategy.

The acquisition will inject 165,477 square meters of gross leasable area into MREIT’s holdings, elevating its total office GLA to 646,891 square meters. According to the disclosure filed with the stock exchange, the consolidated portfolio now positions MREIT as a formidable player in the Philippine office real estate market.

Strategic Asset Acquisition in Taguig’s Premier Business District

All nine properties targeted in this transaction are strategically clustered within McKinley Hill in Taguig City, one of Metro Manila’s most sought-after business hubs. The asset bundle includes Science Hub Towers 1, 3, and 4; the 8 Campus Place complex comprising Buildings A, B, and C; One Campus Place with Buildings A and B; and the South East Asian Campus (SEAC).

Each of these office buildings holds Grade A classification and operates within Philippine Economic Zone Authority (PEZA)-registered zones, providing tenants with specific fiscal and operational advantages. This regulatory positioning enhances the assets’ appeal to multinational corporations and premium-tier enterprises.

Expansion Rationale and Market Positioning

Jose Arnulfo C. Batac, MREIT’s President and Chief Executive Officer, characterized the transaction as evidence of the company’s unwavering commitment to scaling its portfolio with income-generating assets situated in prime locations. The Taguig City properties represent a strategic fit—combining high-grade infrastructure standards with established tenant demand in a business district experiencing sustained growth.

The property-for-share swap mechanism employed in this transaction allows MREIT to enhance its asset base while maintaining financial flexibility. This approach reflects evolving capital strategies within the Philippine REIT sector, where companies increasingly leverage equity-based transactions to secure quality assets.

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