MREIT, Inc. Approves the Appointment of Jose Arnulfo Batac as Chief Operations Officer of the Company, Effective 16 May 2024
May 15, 2024 at 07:32 pm EDT
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The Board of Directors of MREIT, Inc. approved the appointment of Mr. Jose Arnulfo Batac as Chief Operations Officer of the Company effective 16 May 2024. Mr. Jose Arnulfo Batac, 49 years old, Filipino, concurrently serves as Head for Corporate Ventures and Partnerships Management of Megaworld Corporation, the Company's Parent and Sponsor. Prior to this role, he used to lead the estate management department handling the operations of Megaworld's township developments around the country.
He is also supporting Megaworld Corporation and MREIT, Inc. to pursue sustainability in its businesses as a shared value among its stakeholders by anchoring its corporate activities to the principles of global ESG standards.
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.