MREIT, Megaworld ink asset swap deed

The Manila Times 21 h Philippines

MREIT Inc. has sealed a P27.01-billion property-for-share swap with its sponsor Megaworld Corp., Travelers International Hotel Group Inc. and Southwoods Mall Inc., adding 12 income-generating properties to its portfolio. In a disclosure, the real estate investment trust of Megaworld said the parties executed a deed of exchange on Sept. 2 covering 1.64 billion common shares in MREIT and 12 properti

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