MREIT buys more assets, bags 1st healthy design seal

MANILA, Philippines — MREIT Inc., the real estate investment trust company of Andrew Tan-led Megaworld, continues to expand and elevate its portfolio after recently acquiring an additional four prime properties worth P5.3 billion.

The company recently received a “powerful” (four stars) IMMUNE™ certification” from Healthy by Design Building Institute (HDBI) – the first-ever recognition of its kind in Asia – for two out of the 14 buildings under its portfolio.

Kevin Tan, president and CEO of MREIT Inc., said the company hopes to make the certification the benchmark across all its properties.

“We take great pride in becoming the first-ever recipient of the IMMUNE Building Standard™ certifications in Asia. We hope to make this a benchmark across all the properties in our portfolio and we look forward to accrediting all our assets in the future,” Tan said.

Tan said creating safe working environments not only benefits the office population but also the greater community that surrounds the company’s developments.

“That’s why it’s a very important step for MREIT to be taking. We are truly honored to be given this recognition,” he said.

Darren Allen, director at the Healthy by Design Building Institute, said the first IMMUNE™ building in Asia is another major step for the standard.

“We are happy to contribute with our know-how in creating healthier workplaces for people all around the world. Megaworld has truly become trailblazers within this particular field and a beacon within Asia,” Allen said.

The IMMUNE™ Shell & Core certification was achieved by the two properties after the implementation, in the shared areas of the building, of a large majority of measures included in the IMMUNE™ Assessment Scoring Index.

The index is an evaluation tool developed at the initiative of Genesis Property, a leading member of the European Property Federation and renowned Class-A office developer.

Furthermore, the standards, designed in response to the COVID-19 pandemic and launched in 2020 by Genesis Property, aim to help mitigate the effects of pandemics and other bacteriological and toxicological health threats by creating and promoting healthy buildings of the future.

As for the company’s expansion, MREIT’s acquisition of an additional four prime properties worth P5.3 billion will bring the company’s portfolio to 18 office properties from four Megaworld premier townships.

These are 1800 Eastwood Avenue, 1880 Eastwood Avenue, and ECommerce Plaza in Eastwood City; One World Square, Two World Square, Three World

Square, 8/10 Upper McKinley, 18/20 Upper McKinley, and World Finance Plaza in McKinley Hill; One Techno Place, Two Techno Place, Three Techno Place, One Global Center, Two Global Center, Festive Walk 1B, and Richmonde Tower in Iloilo Business Park; and One West Campus and Five West Campus in McKinley West.