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Manila Bulletin devider Business devider The Stock Market devider GERI's landbank good for 10 years of development

GERI's landbank good for 10 years of development

Published Jun 27, 2024 07:35 am

Global Estate Resort Inc., the leisure property development arm of Megaworld Corporation, reported that it has accumulated enough land for a development pipeline of 10 years.

GERI atty. monica.jpg
GERI President Monica Salomon

During the firm’s annual stockholders’ meeting, GERI President Monica Salomon said “the company has an expansive land bank in the flourishing centres of Batangas, Cavite and Cagayan de Oro, sufficient to sustain its development activities in the next 10 years.”

She added that “in the pursuit of its business, the company is guided by its social responsibility commitment to its stakeholders.” 

Salomon said the company “seeks to launch more leisure estates and lifestyle communities integrated with nature with a view of offering spaces designed for joyful and mindful living.” 

“We believe in the resilience of the company's nature plus leisure community model, as it addresses the human person's deepest aspirations,” she added. 

GERI has also formed its integrated resorts property management, to provide resort style property management to its various mixed-use communities. 

“Through integrated resorts, the company seeks to facilitate harmonious engagements inside its communities, while promoting a culture of stewardship towards the natural environment integrated into its developments for the enjoyment of the present and future generations,” Salomon said. 

GERI is investing P5 billion for the 10-year mixed-use development of a 150-hectare beachside property in Lian, Batangas.

The firm said the project called Lialto Beach and Golf Estates will be a sprawling integrated lifestyle community sitting on a highland featuring sweeping views of the sea and nearby islands.

Set amidst gently sloping and rolling terrain, the development will feature a residential village, a world-class 18-hole golf course, a beach clubhouse featuring an iconic 20-meter tall lighthouse, landscaped gardens, and a nearly one-kilometer coastline that includes a beach area.

The residential village will offer prime lots with sizes ranging from 300 square meters up to 1,200 square meters, including those along the fairways and on elevated areas.

A major highlight of the development will be the Beach Clubhouse by the shore, which will be exclusive to property owners and their guests.
 

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