The following are the asset infused to MREIT as of Marc 2024.
As of 2024 4Q, here is the breakdown of how the assets of MREIT have grown.
The IPO was performed in mid 2021 and MREIT initially included the 3 Eastwood properties, 5 McKinley Hill properties , and 2 Iloilo Business District properties.
Just immediately a quarter after the IPO the WAVE 1 property infusion is performed. During this infusion 1 McKinley Hill asset (World Finance Plaza) and 3 Iloilo Business District (Two Techno Plaza, Three Techno Plaza and One Global Center) were added. Because the IPO and WAVE 1 infusion are so close to each other no illustration can be found separating them.
The following is the WAVE 2 of infusion of properties done during 2023. During this infusion WAVE, 4 properties were added.
Two properties in Iloilo business district and
Two properties in McKinley West in Taguig.
The following is the WAVE 3 of asset infusions during the later part of 2024. During this infusion WAVE 6 new properties were added,
Three properties in McKinley West,
Two properties in Iloilo Business Park,
and one property located in Davao Finance Center,
making MREIT properties more geographically diverse.
In May 2023, MREIT had an Investor relation slide that showcased their properties/asset overlayed on topo of their townships master plan map. This is a good map to see where the properties are located.
Note: Although initially MREIT planned to infuse McKinley hill's Science Hub Tower 3 and 4 before, it was replaced by McKinley West's Le Grand tower instead.
The following is the WAVE 4 of asset infusions during the first part of 2026. During this infusion WAVE 9 new properties were added,
Nine properties in McKinley West,
making MREIT properties less geographically diverse and concentrated.