MREIT inks agreements for diversification push

MREIT Inc., the real estate investment trust of Megaworld Corp., is all set to diversify from being one of the country’s largest office landlords by expanding its portfolio to include malls and a hotel. The company said Friday that it had signed a memorandum of understanding with parent firm Megaworld, Travelers International Hotel Group Inc. and Southwoods Mall Inc. for the potential acquisition of 12 income-generating assets with a combined gross leasable area of about 303,500 square met