Citicore Energy REIT Corp. (CREIT) is gearing up for a massive expansion. As part of its strategic growth roadmap, the company has announced a proposed asset-for-share swap transaction with its sponsor, Citicore Renewable Energy Corporation (CREC), and its subsidiaries.
This powerhouse move is set to inject an incredible 1.7 million square meters of land and 860MWp of solar assets into CREIT’s portfolio.

Scaling Up: What’s Being Infused?
The incoming assets are spread across strategic locations in the Philippines, including Pangasinan, Pampanga, Batangas, Quezon, and Negros Occidental.
This isn’t just about raw land—it is a highly strategic mixture of space and immediate earning power:

*20% Land Expansion: The transaction will expand CREIT’s current portfolio by roughly 20% in new leasable land assets.
*Income-Generating Solar Assets: The deal brings in stabilized, operational solar assets that are already generating revenue.

Solidifying the Top Spot
Once this transaction crosses the finish line, CREIT’s total Gross Leasable Area (GLA) will skyrocket to a staggering 8.8 million square meters.
This massive footprint further solidifies CREIT’s position as the largest Real Estate Investment Trust (REIT) in the Philippines by land area, widening the gap between it and its competitors.

Prioritizing Shareholder Protection
Big moves require big safeguards. To ensure transparency and protect shareholder interests, all assets involved have undergone independent valuation by reputable, accredited third-party providers.
Management has emphasized that the deal will be executed strictly at fair market value and on an arm’s length basis, ensuring a clean, fair transaction for everyone involved.

What’s Next?
The transaction is targeted for execution within the coming months of 2026.
As with any major corporate deal, it remains subject to customary closing conditions, finalization of terms, and regulatory approvals from both the Securities and Exchange Commission (SEC) and the Philippine Stock Exchange (PSE). Additional details will be disclosed as soon as the final agreements are signed.
For investors and renewable energy advocates alike, CREIT’s 2026 roadmap is proving that the future of Philippine energy is not just green—it is rapidly growing.