MREIT, Inc. IPO: Kevin Andrew Tan Discusses the Strategic Launch and Portfolio of Premier Assets | Kevin Andrew Tan, CEO , MREIT Inc. 00:10:00
Kevin Andrew Tan, CEO of MREIT, Inc., outlines the company’s upcoming IPO, scheduled for September 30, 2021, following its offer period from September 14-20. Designated by Megaworld Corporation as its Real Estate Investment Trust (REIT) vehicle, MREIT leases a diversified portfolio of ten office and commercial assets across the Philippines, with a total gross leasable area of 224,430.8 square meters.Tan details the offer, where Megaworld [MEG 2.71 3.21%], MREIT’s sponsor, plans to sell over 1.2 billion common shares (representing a 49% public float) at a maximum price of P22 per share.
