MREIT appoints Kevin Tan as chairman, names Jose Arnulfo Batac as new CEO

MREIT, Inc., the real estate investment trust (REIT) arm of Megaworld Corporation, has announced key leadership changes, naming Kevin Tan as chairman of the board and Jose Arnulfo Batac as the new president and chief executive officer, effective June 1, 2025.

Kevin Tan, who has served as MREIT’s president and CEO since its launch in 2021, takes over the chairmanship to continue guiding the company’s strategic direction. Tan concurrently leads Alliance Global Group, Inc. (AGI) as its president and CEO, a conglomerate founded by his father, Dr. Andrew L. Tan. AGI includes major companies such as Megaworld, Emperador, Travellers International, Golden Arches Development Corporation (McDonald’s Philippines), and Infracorp Development.

In his time as MREIT’s chief executive, Tan successfully expanded the firm’s gross leasable area to 482,000 square meters and grew earnings at a compound annual growth rate ranging from 12 percent to 43 percent. This solidified MREIT’s position as one of the top-performing REITs in the region.

The company’s current portfolio includes 24 prime-grade office properties located in five of Megaworld’s township developments: Eastwood City, McKinley Hill, McKinley West, Iloilo Business Park, and Davao Park District.

Taking over the reins as president and CEO is Jose Arnulfo Batac, who has been with Megaworld for the past decade. Batac previously led the company’s Estate Management Group and later headed Corporate Ventures and Partnership. Most recently, he served as MREIT’s chief operating officer.

The leadership transition aims to ensure continuity and further growth for MREIT, which remains committed to delivering consistent returns and portfolio expansion in the years ahead.