Tag Archives: Megaworld

Megaworld unit to develop property in Antipolo

Megaworld

(Source: Businessworld | 13 December 2016) In a statement issued on Monday, the listed property company said GERI will develop 640 hectares along Marcos Highway in Antipolo, Rizal within the next five to seven years. The mixed-use development, Eastland Heights, will feature a 36-hole golf course and country club, which will occupy around 20% of the entire property known for ...

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Megaworld net income rises 11% to P9.27B

Megaworld

(Source: Manila Times | 10 November 2016) Property giant Megaworld Corporation posted an 11 percent rise in net income in the first nine months of the year on higher rental income from its office and commercial retail businesses. In a disclosure to the Philippine Stock Exchange on Wednesday, Megaworld said its net income in the nine-month period increased to P9.27 billion ...

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Tan’s Megaworld boosting retail footprint amid strong demand for office space

Megaworld

(Source: Business World | 10 April 2016) Megaworld Corp. is boosting its retail footprint that will take advantage of the strong demand for office space within its townships across the country, while brushing aside concerns of a slowdown in the residential sector. The property conglomerate of billionaire Andrew L. Tan will launch an average of 60,000 to 70,000 square meters (sqm) ...

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Megaworld to invest US$1.17 bn in retail, offices

Megaworld

(Source: Inside Retail Asia | 9 March 2016) Philippine property developer Megaworld Corp and its subsidiaries have earmarked P55 billion (US$1.172 billion) for capital spending in 2016 to boost commercial assets. Real estate tycoon Andrew Tan’s flagship property arm and subsidiaries Global-Estate Resorts (GERI), Empire East Holdings and Suntrust Properties have announced plans to aggressively expand a group-wide rental portfolio. ...

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Megaworld building 2 malls

Megaworld

(Source: Manila Standard Today, by Isah V. Red | Aug. 18, 2015) Property developer Megaworld Corp is investing P4 billion to build two new malls in the 15.4-hectare Uptown Bonifacio district in Fort Bonifacio, Taguig City. Megaworld first vice president and head of commercial Kevin Tan said in a news briefing the two malls would have a total of 110,000 ...

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Townships, mixed-use projects boost Megaworld H1 profits

Megaworld

(Source: ABS-CBNnews.com | August 12, 2015) Megaworld said its profits for the first half of the year increased to P5.43 billion driven by its aggressive expansion of townships and mixed-use developments. Megaworld said its net income during the first half of 2015 jumped 12.51 percent to P5.43 billion from P4.82 billion during the same period last year. The Andrew Tan-led ...

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Metro stores to open in Megaworld’s Iloilo township

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(Source: ABS-CBNnews.com | Aug. 5, 2015) The Gaisano group is planning to open branches of Metro Department Store and Metro Supermarket in Megaworld’s township project in Iloilo City. Megaworld said the Gaisano-led Metro Retail Stores Group, Inc., the retail arm of the Vicsal Group of Companies, has acquired around 9,000 square meters of commercial property inside the Iloilo Business Park. ...

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Megaworld’s Eastwood City named “Highly Commended Mixed-use Development” in Asia Pacific Property Awards

Receiving the prestigious award was (2nd from left) Kevin L. Tan, first vice president and head of commercial division, Megaworld

(Source: Megaworld, | May 2015 ) Eastwood City, the country’s first cyberpark and integrated urban township developed by property giant Megaworld, bagged the “Highly Commended Mixed-Use Development” Award at the 2015 Asia Pacific Property Awards in Kuala Lumpur, Malaysia. The 18-hectare township development was recognized for its contribution to the growth of the business process outsourcing (BPO) industry in the country ...

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Megaworld founder recognized for ‘live-work-play’ concept

andrew tan

Source: ABS-CBNnews.com | Feb 22, 2015   MANILA – The Philippine Retailers Association (PRA) will fete Megaworld Corp. founder Andrew Tan for his contribution to the growth of the retail industry. Board members of the PRA unanimously decided to bestow upon Tan the title “Pillar of Mixed-Use Developments” for his role in promoting businesses in the country. “Dr. Tan gave retailers ...

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