Tag Archives: Megaworld

Megaworld’s Capital Town project set to generate 250,000 jobs in Pampanga

06-10 Megaworld Corp launching project in Pampanga

(Source: Business Mirror | November 30, 2017) Around 250,000 direct and indirect jobs in the business-process outsourcing (BPO), transport, retail, food and construction sectors are expected to be generated as the upcoming investment of Megaworld Corp. takes shape in Pampanga. Eugene Em Lozano, first vice president for sales and marketing of Megaworld Pampanga, said this would be realized with Capital ...

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‘Township developments to redefine Bacolod retail landscape’

bacolod

(Source: Sunstar | September 23, 2017) A global retail estate services company said township developments, mainly smaller retail formats such as neighborhood and district malls, continue to dominate and will eventually redefine the retail landscape of Bacolod City. Colliers International Philippines recently reported that the city’s current overall vacancy rate of below two percent is projected to increase once retail outlets ...

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Megaworld set to open P2-B Southwoods Mall in October

Megaworld

(Source: Rappler | August 31, 2017) Andrew Tan-led Megaworld is set to open its newest mall just south of Metro Manila in time for the holiday season. In a disclosure to the Philippine Stock Exchange (PSE) on Thursday, August 31, the property developer announced it will officially open its P2-billion Southwoods Mall in its 561-hectare township Southwoods City along the ...

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Newport Mall foot traffic picks up with tighter security, promos and sales

07-07 Newport Mall foot traffic picks up with tighter security, promos and sales

(Source: Business Mirror | July 4, 2017) The daily average foot traffic in Newport Mall is starting to normalize with revamped security measures, to go with a series of aggressive mall-wide offerings in retail, dining and entertainment. The Las Vegas-inspired luxury establishment was initially closed for a “seven-day mourning period”, as announced by the Resorts World Manila (RWM) management a ...

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Megaworld Corp launching project in Pampanga

06-10 Megaworld Corp launching project in Pampanga

(Source: Inside Retail Philippines | June 9, 2017) Megaworld Corp is set to start the development of a PHP30 billion (US$607 million) integrated mixed-use project in San Fernando, Pampanga. Dubbed Capital Town, the project will transform the site of the historic Pampanga Sugar Development Co into a modern CBD for Northern Luzon, says Megaworld first VP for sales and marketing ...

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SM Prime Holdings hits PHP1 trillion capitalization

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(Source: Inside Retail Philippines | June 7, 2017) Property developer and shopping mall company SM Prime Holdings has become the first Philippine company to reach P1 trillion (US$20.1 billion) in market capitalization. “SM Prime acknowledges the investment community’s unwavering support. This is a great moment for us,” the Sy family-owned firm says. The historic record was reached after the family ...

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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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