PROPERTY firm Megaworld Corp. on Monday detailed a reinvestment strategy following last week's sale of 79.7 million common shares of its real estate investment trust MREIT, with most of the funds intended for key real estate developments across the country.
The Northwin Global City development will receive P785 million and is targeted to be completed by next year.The Mactan Newtown and ArcoVia City projects will see investments of P75 million and P62 million, respectively, while Bacolod developments will receive P51 million, all of which are targeted for completion by 2028.
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