Megaworld ending 2025 on high note

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December 8, 2025 | 12:00am

MANILA, Philippines — Property giant Megaworld Corp. is targeting to infuse retail assets to MREIT Inc. by the second half of next year to support the next phase of growth strategy of its real estate investment trust arm.

“For MREIT, we’re going to be injecting malls next year. It’s going to be two batches, so maybe it will add around 250,000 square meters. It will be malls and offices, but definitely we will add malls already,” Megaworld executive director Kevin Tan said.

Megaworld and MREIT investor relations head Andy Dela Cruz said that the plan is to inject 10 office assets worth at least P15 billion first by next year.

MREIT is evaluating 10 office properties, nine in McKinley Hill and one in Eastwood City, totaling approximately 198,500 square meters of gross leasable area for potential infusion.

“The malls, there’s nothing definitive yet (in terms of value), but that is in the plan for the second half of 2026,” Dela Cruz said.

He said that at least 70,000 sqm in retail assets are being considered for potential infusion by the second half of next year.

“It depends on the mix, but we are currently reviewing all the malls under Megaworld because the goal is really to infuse everything under Megaworld, step by step of course,” he said.

The inclusion of retail assets is aimed at supporting MREIT’s portfolio diversification and forms part of its broader strategy to expand its income streams and enhance long-term stability that will allow its investors to benefit from Megaworld’s strong mall business.

“We hope and we think and we can deliver a good increase, not only in income, but also in dividends for our investors,” Dela Cruz said.

Megaworld, for its part, is poised to end 2025 on a high note.

The company saw its earnings accelerate by double digits in the nine-month period ending September on the back of the robust performance of the company’s mall and office leasing as well as residential and hotels businesses.