MANILA, Philippines -Billionaire Andrew Tan's Megaworld Corp. is set to complete a P5.3-billion asset infusion of Grade A offices into real estate investment trust (REIT) arm MREIT Inc., boosting the latter's asset base and earnings. MREIT said in a stock exchange filing the transaction, announced nearly a year ago, will proceed after the Securities and Exchange Commission confirmed the premium valuation of the properties. The office building are projects within Megaworld's townships in Iloilo City and Taguig City in Metro Manila.

https://business.inquirer.net/393178/megaworld-mreit-to-complete-p5-3-b-asset-infusion-of-offices

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