MANILA, Philippines — MREIT Inc., the real estate investment trust of property giant Megaworld Corp., is welcoming a new president and chief executive officer, with Kevin Tan appointed as the company’s new chairman of the board starting next month.
Tan, who served as MREIT’s president and CEO since the launch of the company in 2021, will be replaced by MREIT chief operating officer Jose Arnulfo Batac effective June 1, 2025.
Under the leadership of Tan as president and CEO, MREIT was able to expand its total gross leasable area to 482,000 square meters and consistently grew its earnings, making the company one of the best in its class.
Tan is currently the president and CEO of holding company Alliance Global Group Inc. (AGI) and executive director of Megaworld, the sponsor company of MREIT.
Tan also serves as the chairman of Travellers International and director of other companies under AGI, including Emperador Inc. and Global-Estate Resorts Inc.
Batac, meanwhile, has been with Megaworld for the last 10 years, leading the company’s estate management group and later became the head of corporate ventures and partnership before he was appointed as MREIT COO.
Batac remains as Megaworld’s sustainability head, spearheading the various sustainable development programs of the company nationwide.
Prior to his stint at Megaworld, Batac served as director for facilities management of the Ateneo de Manila University and for estate management at Ayala Land. Inc.
Batac obtained his degree in architecture at the University of Santo Tomas, diploma on urban and regional planning from the University of the Philippines-Diliman and a diploma on strata and rental property management from the University of British Columbia.