MANILA, Philippines — MREIT, the real estate investment trust vehicle of Andrew Tan-led Megaworld, will acquire P5.3 billion worth of prime office properties in PEZA-accredited zones, raising its portfolio value to P65 billion. MREIT president and CEO Kevin Tan said this marks the first time the company would infuse office assets from its McKinley West township, which houses a number of business process outsourcing (BPO) firms operating in the country. "This township location also commands one of the highest rental rates in the Greater Manila area because of the high demand for office spaces in this area," Tan said. The objective is to accelerate MREIT's growth plans and double its portfolio by the end of this year, while ensuring that the acquisitions will be accretive to shareholders. "We aim to deliver an attractive total return to MREIT investors," Tan noted.