MREIT acquires 6 prime offices worth P13.15B

MREIT Inc. is set to expand its property portfolio by 48 percent after receiving the go signal from the Securities and Exchange Commission to acquire six prime offices, valued at P13.15 billion, from parent company Megaworld Corp. The real estate investment trust (REIT) company will issue 926.16 million shares to Megaworld in exchange for the
Read The Rest at :