MREIT, Inc. is eyeing the acquisition of seven (7) grade A office assets from Megaworld Corporation with a total gross leasable area of around 150,500 square meters. This after the two companies signed a memorandum of understanding (MOU) for the possible acquisition of the said assets. These potential additions include Two West Campus (9,500 sqm) and Ten West Campus (36,400 sqm) in McKinley Hill, Science Hub Tower 3 (20,500 sqm) and Science Hub Tower 4 (20,700 sqm) in McKinley West, One Fintech Place (18,200 sqm) and Two Fintech Place (18,100 sqm) in Iloilo Business Park, and Davao Finance Center (27,100 sqm) in Davao Park District.

In aggregate, these assets generated PHP 1.2 billion of rental income in 2022. When the new acquisition being eyed by MREIT is concluded, the company's portfolio will grow to around 475,500 sqm, higher by 46% compared to the current 325,000 sqm and bringing MREIT closer to its target of 500,000 sqm of assets under management by end-2024.