Megaworld has raised P5.6 billion through multiple block sales of MREIT shares carried out between April and July 2026. The company plans to reinvest the proceeds entirely into developing new recurring income properties across its integrated townships throughout the Philippines. This fundraising effort precedes the fifth phase of asset injections into its real estate investment trust arm, MREIT Inc.

The upcoming “Wave 5” infusion will expand the trust by adding 303,500 square meters of gross leasable area (GLA). The transaction will push the total portfolio of MREIT to more than 950,000 square meters, allowing the company to reach its one-million-square-meter milestone significantly earlier than the initial 2027 target. The move marks the most notable diversification for the trust to date, altering the overall asset composition from more than 95% office space to approximately 77% office, 20% shopping malls and 3% hotels.

Lourdes Gutierrez-Alfonso, President and CEO of Megaworld, commented on the broader strategy: “Our townships are designed to grow holistically. As each estate matures, it creates new opportunities to introduce offices, malls, hotels, residences, and lifestyle destinations that reinforce one another and expand the value of the whole community. Through MREIT, we are able to bring that value cycle forward, allowing capital from stabilized assets to help build the next generation of developments and expand our recurring income platform across our townships.”

The recycling of capital via MREIT enables Megaworld to unlock liquid value from its established commercial assets. The property developer is advancing regional developments that integrate tourism, commerce, hospitality and housing. Specific provincial growth nodes receiving investment include the 462-hectare Paragua Coastown eco-tourism project in San Vicente, Palawan, the 34-hectare Upper East estate in Bacolod City, the 35.6-hectare Capital Town in San Fernando, Pampanga and the 30-hectare Mactan Newtown in Lapu-Lapu City, Cebu. Funding will also support ongoing developments located in Iloilo, Cavite and the 12-hectare ArcoVia City estate in Pasig, Metro Manila.

Kevin L. Tan, Chairman of MREIT Inc., highlighted the structural shift: “MREIT’s next phase of growth goes beyond scale. Wave 5 expands the platform from an office-led portfolio into a broader township-backed REIT with a deeper mix of mall and hotel assets. This gives shareholders access to a wider range of recurring income streams generated within Megaworld’s integrated estates, where each component strengthens the others to drive long-term value creation.”

Megaworld maintains a long-term commercial leasing strategy aimed at reaching two million square meters of office GLA and one million square meters of retail GLA by 2030, targeting a total leasing portfolio of three million square meters.