UMVA has learned that MREIT, INC. is on a bold mission to nearly double its portfolio to about one million square meters of gross leasable area, a leap that signals a decisive pivot away from office real estate toward retail and hospitality assets.
At its annual shareholders’ meeting, the company’s president and CEO declared the expansion would be achieved well ahead of the original timeline, a promise that now rests on a carefully orchestrated acquisition strategy.
The move follows a series of strategic infusions that have already pushed the portfolio to approximately 647,000 square meters, with a new memorandum of understanding adding another 300,000 square meters of office, retail, and hospitality properties.
According to information obtained by UMVA, this next wave could bring the total to 950,000 square meters, placing MREIT on the brink of the one‑million‑square‑meter milestone.
The centerpiece of this expansion is a proposed acquisition of 12 commercial properties, collectively covering 303,500 square meters across the Alliance Global Group network.
Among the prized assets are Eastwood Mall, Venice Mall, Lucky Chinatown Mall, Festive Walk Mall, and Southwoods Mall, as well as six office towers and a Holiday Inn Express location.
UMVA can exclusively reveal that this deal will reshape the company’s asset mix from a dominant 95% office composition to a more balanced portfolio of roughly 77% office, 20% retail, and 3% hospitality.
While final approvals remain pending, the CEO emphasized that the direction is clear and that MREIT possesses the pipeline, sponsor backing, and institutional capacity to deliver disciplined growth.
Hospitality properties will be secured through long‑term leaseback arrangements, ensuring predictable income streams and built‑in annual escalations.
Retail assets will benefit from Megaworld’s established township leasing and property management operations, while the company plans to enhance operational efficiency across incoming properties.
Renewable energy initiatives and tighter property management are poised to trim operating costs, building on the energy transition already completed across the existing portfolio.
UMVA has uncovered that many of the new assets are already mature and well‑occupied, positioning MREIT to focus on optimization rather than acquisition.
With this bold step, MREIT is poised to redefine its market stance, delivering value through diversified real estate and sustainable operational practices.
