MANILA, Philippines — MREIT Inc. plans to double its portfolio to one million square meters (sq m) of gross leasable area (GLA) by 2027. The company aims to achieve this growth by targeting the retail assets of its sponsor, Megaworld Corp.
MREIT disclosed on Monday that it wants to take advantage of continued growth in consumer spending and the strong momentum in mall leasing. This strategy is expected to support the expansion of their retail property portfolio in the coming years.
https://business.inquirer.net/549826/mreit-doubling-portfolio-with-megaworld-assets