Category Archives: REITs

Extended REIT party

Extended REIT party   GDP recovery signals property rebound. This is the title of Colliers Philippines’ latest market report. The Philippine government, credit rating firms and global think tanks are optimistic that the country’s economy will grow at a faster pace this year and in our view, this should support the recovery of the Philippine…

Philippine REITs raise P76-B capital under Duterte administration

Philippine REITs raise P76-B capital under Duterte administration   Real Estate Investment Trusts (REITs) in the Philippines have raised P76.42 billion thus far in new capital since the Duterte administration fixed the flaws in the regulatory framework of these financial instruments 21 months ago. In a report to Finance Secretary Carlos Dominguez III, the Securities…

REITs for energy to broaden investment opportunities

REITs for energy to broaden investment opportunities   The expansion of real estate investment trust (REIT) to other industries, to include the renewable energy sector, will broaden opportunities for income generation that the investing public can tap into. Atty. Francis Lim, former president of the Management Association of the Philippines (MAP) and a prime mover…

Citicore eyeing February listing of clean energy-focused REIT

Citicore eyeing February listing of clean energy-focused REIT   Renewable energy-themed real estate investment trust (REIT) pioneer Citicore Energy REIT Corp. (CREIT) expects to list by February, aiming to raise P10.1 billion to scale up the group’s agro-solar farm operations in order to become the country’s largest by next year. In a recent interview, CREIT…

MREIT buys four office towers from its parent for P9.1 billion

MREIT buys four office towers from its parent for P9.1 billion   The MREIT [MREIT 18.32 0.11%] board approved the purchase of 4 office towers, with 55,700 sqm of gross leasable area (GLA), for P9.1 billion in cash from its parent company and sponsor, Megaworld [MEG 3.06 0.66%]. The new towers will bring MREIT’s portfolio…

REITs amidst the pandemic

Dominguez sees REITs propelling property sector’s growth beyond pandemic   Finance Secretary Carlos Dominguez III said Thursday the growing roster of Real Estate Investment Trust (REIT) offerings will propel the growth of the Philippines’ property sector beyond the pandemic–and serve as one catalyst for the country’s quick and strong economic recovery. Dominguez said the REIT…

SEC approves public offerings from AREIT, Cityland

SEC approves public offerings from AREIT, Cityland   MANILA, Philippines — Corporate regulators announced Friday they have cleared two public offerings from AREIT Inc. and Cityland Inc. In a statement, the Securities and Exchange Commission said they approved the registration statements of AREIT for a P15-billion bond program and of Cityland for P500 million worth…

Executives bullish on Philippine REIT market

Executives bullish on Philippine REIT market   It is an “exciting time” for the Philippine real estate investment trust (REIT) market, with the pipeline of initial public offerings (IPO) expected to heat up in the near future, according to top company executives. At a forum hosted by the Securities and Exchange Commission (SEC) on Friday, REIT executives said the Philippines has the potential to have…

MREIT to acquire 4 prime assets

MREIT to acquire 4 prime assets   MREIT Inc., the real estate investment trust (REIT) company of township developer Megaworld, is finalizing the acquisition of four grade A, Philippine Economic Zone Authority-accredited properties by December this year. Subject to final approvals, the company is looking to acquire Two Techno Place, Three Techno Place and One…

error: Content is protected !!