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MREIT, Inc.MREIT
PSE Disclosure Form REIT-2 - Reinvestment Plan Progress Report Reference: Section 6 of the Amended PSE Listing Rules for REITS
Annual Report
Quarterly Report
Subject of the Disclosure
Quarterly Progress Report on the Disbursement of Proceeds from the Initial Public Offering ("IPO") of MREIT, Inc. ("MREIT") for the First Quarter of 2022, pursuant to the Reinvestment Plan of Megaworld Corporation, as Sponsor of MREIT
Background/Description of the Disclosure
Progress Report on the Use of Proceeds for the quarter ending 31 March 2022, in relation to the Reinvestment Plan submitted by Megaworld Corporation in connection with the IPO of MREIT, duly certified by external auditors
Update or Status of the Reinvestment Plan
As of 31 March 2022, the remaining balance of the proceeds from the MREIT IPO amounts to Nine Billion Nine Hundred Million One Hundred Seventy Thousand Seven Hundred Eighty Two Pesos and 79/100 (Php9,900,170,782.79)
Summary of Transactions Involving Real Estate and/or Infrastructure Projects for the Period
The following disbursements for the Reinvestment Plan were made for the period of January 1 to March 31, 2022:
Project Name: Enterprise One
Type of Investment: Investment in Building
Disbursing Entity: Megaworld Corporation
Total: Php74,181,166.01
Project Name: Office - Iloilo
Type of Investment: Investment in Building
Disbursing Entity: Megaworld Corporation
Total: Php83,897,108.50
Project Name: Eastwood City Project
Type of Investment: Investment in Building
Disbursing Entity: Eastwood Cyberone Corp.
Total: Php350,000,000.00
Project Name: Hotel project
Type of Investment: Investment in Building
Disbursing Entity: Prestige Hotels & Resorts, Inc.
Total: Php200,000,000.00
Project Name: Boracay Newcoast Projects
Type of Investment: Investment in Building
Disbursing Entity: Global Estate Resorts, Inc.
Total: Php220,000,000.00
Project Name: Twin Lakes Projects
Type of Investment: Investment in Building
Disbursing Entity: Twin Lakes Corporation
Total: Php557,000,000.00
Project Name: Office - Taguig
Type of Investment: Investment in Building
Disbursing Entity: Megaworld Corporation
Total: Php500,000,000.00
Project Name: Office / Commercial - Pampanga
Type of Investment: Investment in Building
Disbursing Entity: Megaworld Capital Town
Total: Php1,051,104,773.00
Project Name: Arcovia City projects
Type of Investment: Investment in Building
Disbursing Entity: Arcovia Properties, Inc.
Total: Php300,000,000.00
Description of Real Estate Assets and/or Infrastructure Projects for the Period
Enterprise One - Office/retail building in Iloilo City
Office - Iloilo - Office/retail building in Iloilo City
Eastwood City Project - Malls, Offices, Land developments and Other developments in Quezon City
Hotel Project - Hotel building in Quezon City
Boracay Newcoast Projects - Malls, Offices, Land developments and Other developments in Boracay
Twin Lakes Projects - Office/retail building in Batangas
Office - Taguig - Office/retail building in Taguig City
Office/Commercial - Pampanga - Office/retail building in Pampanga
Arcovia City Projects - Malls, Offices, Land developments and Other developments in Pasig City
Other Relevant Information
This report is being amended to include the notarized auditor's report.
Filed on behalf by:
Name
Ma. Georgina Alvarez
Designation
Chief Legal Consultant
Attachments
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Original Document
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Disclaimer
MREIT Inc. published this content on 21 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 April 2022 23:24:10 UTC.
MREIT, Inc. is a Philippines-based company, which operates as a real estate investment trust (REIT). The Company seeks to secure income growth and provide a competitive investment return to the investors through present and future portfolio. Its objectives are primarily to own and invest in income-producing commercial portfolio of office, retail, and hotel properties in the Philippines. The Companyâs investment properties include several buildings for mixed-use, which are being leased out as office, retail, and hotel, including the hotelâs parking spaces. The Company's properties include Eastwood City, Iloilo Business Park, and McKinley Hill. Iloilo Business Park is an integrated urban township in a 72-hectare property in the bustling district of Mandurriao, Iloilo City. McKinley Hill is an integrated urban township on 50 hectares of land inside Fort Bonifacio, a former military camp in Taguig City.
MREIT, INC. 
