MANILA, Philippines – MREIT Inc., Megaworld’s REIT headed by Andrew Tan, continues to expand and elevate its portfolio after recently acquiring four more prime properties worth $5.3 billion. pesos.
The company recently received a “powerful” (four-star) IMMUNE™ certification from the Healthy by Design Building Institute (HDBI) – the first-ever such recognition in Asia – for two of the 14 buildings in its portfolio.
Kevin Tan, president and CEO of MREIT Inc., said the company hopes to make certification the benchmark for all of its properties.
“We are very proud to be the first ever recipient of the IMMUNE Building Standard™ certifications in Asia. We hope to make this a benchmark for all properties in our portfolio and look forward to accrediting all of our assets in the future,” said Tan.
Tan said creating safe working environments not only benefits the office population, but also the broader community that surrounds company developments.
“That’s why this is a very important step for the MREIT. We are truly honored to receive this recognition,” he said.
Darren Allen, director of the Healthy by Design Building Institute, said the first IMMUNE™ building in Asia is another major milestone for the standard.
“We are happy to contribute with our know-how to the creation of healthier workplaces for people all over the world. Megaworld has truly become a pioneer in this particular field and a beacon in Asia,” Allen said.
The IMMUNE™ Shell & Core certification was obtained by the two properties after the implementation, in the common areas of the building, of a large majority of the measures included in the IMMUNE™ Assessment Scoring Index.
The index is an assessment tool developed at the initiative of Genesis Property, a leading member of the European Real Estate Federation and renowned Class A office developer.
Additionally, 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. .
In terms of the company’s expansion, MREIT’s acquisition of four more prime properties worth 5.3 billion pesos will bring the company’s portfolio to 18 office buildings in four prime townships. Megaworld order.
These are 1800 Eastwood Avenue, 1880 Eastwood Avenue and ECommerce Plaza in Eastwood City; One square world, two square worlds, three worlds
Square, 8/10 Upper McKinley, 18/20 Upper McKinley and World Finance Plaza at 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.