The acquisitions will boost MREIT’s portfolio by 46 percent to 475,000 sq. m. from the 325,000 sq. m. and bringing the company closer to its target of having 500,000 sq. m. of assets under management by end-2024, the company in a disclosure to the stock exchange.
The office towers include Two West Campus with 9,500 sq. m. and Ten West Campus in McKinley Hill; Science Hub Tower 3 and Science Hub Tower 4 in McKinley West; One Fintech Place and Two Fintech Place in Iloilo Business Park; and Davao Finance Center in Davao Park District.
Since its initial public offering in 2021, MREIT has injected eight office buildings into its portfolio and grew its value by 25 percent to P62 billion.MREIT, real estate investment trust company, engages in investments in income-generating real estate that meets a select set of criteria.
Source: News Formal (newsformal.com)
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