Megaworld offloads MREIT shares via P2.24-B block sale

On 17 September 2025, Megaworld Corporation (the “Company”) sold One Hundred Sixty-Eight Million Six Hundred Thirty-One Thousand Nine Hundred (168,631,900) common shares of MREIT, Inc. (“MREIT”) at an offer price of Php13.28 per share, equivalent to P2,239,431,632 (before deduction for fees and taxes), under a block sale transaction.

The proceeds from the block sale shall be settled on 19 September 2025. The Company will submit the required Reinvestment Plan detailing the use of proceeds from the block sale transaction.

Maybank Securities, BDO Securities, First Metro Securities and RCBC Securities acted as brokers for the transaction.

Megaworld Corporation (MEG), incorporated on August 24, 1989, to engage in real estate development, leasing, and marketing. In 1996, the Company shifted its focus to providing office buildings to support BPO businesses when it began development of the Eastwood City township. On August 19, 1999, MEG changed its corporate name to the present one to coincide with its conversion from a purely real estate company into a holding company, although the Company continues to focus on real estate development.

MEG's real estate portfolio includes includes residential condominium, residential and commercial lots, office buildings, retail space, and hotels. The Company has three primary business segments: real estate sales of residential developments; leasing of office space, primarily to BPO enterprises, and retail space; and management of hotel operations. Since its incorporation, the Company and its affiliates have launched more than 800 residential buildings, alongside more than 1.5 million square meters of gross leasable office space, over 500,000 square meters of mall retail space, and more than 5,000 hotel room keys across 14 homegrown hotels.

The Company's subsidiaries and associates include Richmonde Hotel Group International Limited; Eastwood Cyber One Corporation; Empire East Land Holdings, Inc.; Global-Estate Resorts, Inc.; Suntrust Resort Holdings, Inc.; MREIT, Inc.; Mactan Oceanview Properties and Holdings, Inc.; and Bonifacio West Development Corporation.

MREIT, Inc. a company designated by Megaworld Corporation to operate as a Real Estate Investment Trust (REIT), leases a portfolio of eighteen (18) office and commercial assets to a diversified tenant base across the Philippines with an aggregate gross leasable area of 325,424 square meters.

To date, MREIT’s portfolio covers 18 office properties located in four Megaworld premier townships: 1800 Eastwood Avenue, 1880 Eastwood Avenue, and E-Commerce Plaza in Eastwood City; One World Square, Two World Square, Three World Square, 8/10 Upper McKinley, 18/20 Upper McKinley, and World Finance Plaza in McKinley Hill; One Techno Place, Two Techno Place, Three Techno Place, One Global Center, Two Global Center, Festive Walk 1B, and Richmonde Tower in Iloilo Business Park; and One West Campus and Five West Campus in McKinley West.