Real estate impact developer MGRV said on the 24th that it was selected for the Financial Times' released "High-Growth Companies Asia-Pacific 2026." It was included for the second straight year after last year.
"High-Growth Companies Asia-Pacific" is a ranking jointly released every year by the Financial Times and global market research firm Statista. It selects the top 500 corporations that posted mid- to long-term growth rates despite tough market conditions, and this year's list was made public on Mar. 17 on the Financial Times website.
This year's ranking selected the top 500 corporations in the Asia-Pacific region based on the three-year compound annual growth rate (CAGR) for 2021–2024. MGRV posted a 69% CAGR, ranking No. 4 in the real estate institutional sector across Asia-Pacific and No. 1 domestically. This marks a further leap from last year's ranking of No. 12 in Asia-Pacific and No. 2 domestically.
MGRV develops and operates quality rental housing in Seoul that meets demand from one- to two-person households. With advanced operational capabilities, including proactively managing vacancy risk based on years of accumulated data, revenue and margins in its core operating institutional sector are rising every year.
Chief Executive Cho Gang-tae of MGRV said, "We are pleased to be recognized for identifying market demand for standardized housing services ahead of the curve and connecting it to a differentiated growth engine," and noted, "As our revenue structure based on the Canada Pension Plan Investment Board (CPPIB) joint venture has stabilized, business expansion will accelerate further starting this year."
MGRV plans to continue expanding new projects that can fill residential gaps in city centers. It has finalized construction-type rental housing projects in key areas of Seoul, including Yeongdeungpo District, Seongdong District, Jung District, and Dongdaemun District, and is carrying out development procedures such as permitting and selecting builders. In particular, "Mongrove Dangsan" in Yeongdeungpo District broke ground in Oct. last year and is scheduled to open in 2028 as a youth-tailored rental dormitory. Including six operating sites nationwide and 11 new development sites in Seoul, it has secured a large-scale pipeline across 17 sites that can accommodate up to 5,600 people.