MANILA, Philippines — MREIT Inc. plans to double its portfolio to one million square meters (sq m) of gross leasable area (GLA) by 2027. The company aims to achieve this growth by targeting the retail assets of its sponsor, Megaworld Corp.
MREIT disclosed on Monday that they want to take advantage of continued growth in consumer spending and strong momentum in mall leasing. This strategic move is expected to bolster their market presence and capitalize on the thriving retail sector.
https://business.inquirer.net/549826/mreit-doubling-portfolio-with-megaworld-assets
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