MREIT Inc., the real estate investment trust company sponsored by Megaworld Corp., said Tuesday it may consider diversifying its portfolio into other real estate properties, including warehouse, industrial and logistics to meet its target of having 500,000 square meters of gross leasable space by 2024.
MREIT said in a disclosure to the stock exchange it would consider other real property sectors that meet its investment criteria for Grade A, centrally-located, stably occupied and income-producing properties.
Office leasing properties account for the bulk of MREIT’s porfolio.
The company also plans to expand its presence to other high-growth geographic areas like Cebu, Bacolod, Pampanga and other growth areas in the country where the sponsor’s townships are located.
“The company plans to achieve portfolio growth through the acquisition of quality income-producing properties that fit within the company’s investment strategy to enhance total return for shareholders and increase potential opportunities for future income and capital growth,” MREIT said. Jenniffer B. Austria
