MREIT, Inc., the real estate investment trust of pioneering township developer Megaworld Corporation, appointed Kevin Tan as the company’s new chairman of the board effective June 1, 2025.
Tan served as MREIT’s president and chief executive since the launch of Megaworld’s REIT company in 2021.
Concurrently, Tan is also the president and chief executive of Alliance Global Group, Inc. (AGI), the holding company founded by his father, Dr. Andrew L. Tan, which includes subsidiaries such as Megaworld, Emperador, Travellers International (owner of Newport World Resorts), Golden Arches Development Corporation (better known as McDonald’s Philippines in partnership with the George Yang Group), and Infracorp Development.
In Megaworld, the sponsor company of MREIT, Tan currently serves as executive director. He is also the chairman of Travellers International and also serves as director of other companies under AGI, including Emperador Inc. and Global-Estate Resorts, Inc. (GERI).
Under his leadership as president and chief executive, MREIT was able to grow its total gross leasable area to 482,000 square meters and consistently grew its earnings at a CAGR of 12 percent (from full 2022 distributable income) to 43 percent (from half-year 2021 distributable income), making MREIT one of the best in its class.
To date, MREIT’s portfolio comprises 24 prime office properties strategically located in five Megaworld premier townships: Eastwood City, McKinley Hill, McKinley West, Iloilo Business Park, and Davao Park District.
Tan and the board of directors have appointed Jose Arnulfo Batac as president and chief executive of MREIT, with effectivity also on June 1, 2025.
Batac has been with Megaworld for the last 10 years. He has led the company’s Estate Management Group, and later became the head of Corporate Ventures and Partnership before he was appointed as MREIT COO.
