MREIT oks P16.22-B fresh asset infusion

MANILA, Philippines — The board of MREIT Inc., the real estate investment trust of Megaworld Corp., approved the infusion of nine office buildings at McKinley Hill estate in Taguig valued at P16.22 billion.

The assets to be infused by Megaworld through a property-for-share swap transaction are: Science Hub Towers 1, 3 and 4; 8 Campus Place Buildings A, B and C; One Campus Place Buildings A and B; and South East Asian Campus.

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All of these office buildings are “grade A” office properties located within Philippine Economic Zone Authority-registered zones./dda

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