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


Source: | 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 premium sites for expansion with ready markets coming from the residential and office components of his integrated developments. His invaluable contribution to the Philippine retail industry truly deserves PRA’s highest recognition,” PRA president and Duty Free chief operating officer Lorenzo “Enchong” C. Formoso said.

Tan is being recognized for his signature “live-work-play” concept in the development of fully integrated locations like Eastwood City in Libis, Quezon City and McKinley Hill in Taguig.

Tan will receive the PRA President’s Award during the 18th Outstanding Filipino Retailers and Shopping Centers of the Year Awards at the Crowne Plaza Manila Galleria on February 25.

Previous recipients of the President’s Award include Henry Sy (Father of Philippine Retailing), Fernando Zobel de Ayala (Pillar of Philippine Retail Development), Jorge Araneta (Pioneer of Philippine Retail Entertainment), Samie Lim (Pioneering Pillar of Franchising), Socorro Ramos (Matriarch of Philippine Retailing), John Gokongwei Jr. (Champion of Retail Entrepreneurship), Amb. Bienvenido Tantoco Sr. (Father of Luxury Retailing), Mariano Que (Father of Health and Wellness Retailing), and Teresita Sy-Coson (Philippine Retailing’s Woman Visionary Leader.)

“Retailers have become more aware of the stringent criteria for evaluating and judging the candidates and they know that when a company is awarded, they are truly world-class. This is why in the many years that we have been presenting the awards, the number of nominees, including self-nominations, has consistently increased,” PRA secretary general Evelyn Balmeo Salire said.