Recently-acquired assets and higher rent boosted the earnings of MREIT, Inc., the real estate investment trust of township developer Megaworld Corporation, by 25.6 percent to ₱932 million in the first quarter of 2025 from the ₱742 million earned in the same period last year. The firm said in a...
Tycoon Andrew Tan’s township developer Megaworld Corporation reported a 16 percent growth in net income to ₱5.83 billion in the first quarter of the year as its growing focus on the provinces helped the performance of all of its core businesses. In a disclosure to the Philippine Stock Exchange,...
Alliance Global Group Inc. (AGI), the investment holding company of tycoon Dr. Andrew Tan, is cutting capital expenditures (capex) for 2025 following a decline in earnings in 2024. In a disclosure to the Philippine Stock Exchange (PSE), the firm said it is allotting ₱63 billion for capex this...
MREIT, Inc. Chief Operating Officer Arnie Batac, Megaworld Corporation President Lourdes Gutierrez-Alfonso, JLL Managing Director for Thailand, Vietnam, Indonesia, and the Philippines Michael Glancy, and JLL Country Head of the Philippines Joey Radovan were in attendance at the signing ceremony,...
SANDY PARADISE Mactan Newtown Beach offers a leisurely experience of soaking in the sun and enjoying the sea As the summer heat kicks in, there’s nothing better than to feel your skin soaking in the sunlight and cooling down by the beach. Perhaps you prefer the tranquility of an ice-cold drink...
For a premium price, a luxury property promises unparalleled lifestyle, exclusivity, and comfort. Often situated in prestigious locations with remarkable design features, clients choose luxury properties that fit their personal expression and lifestyle. According to the data from Colliers...
Leading the partnership signing are (from left) Arnie Batac, chief operating officer, MREIT Inc.; Lourdes Gutierrez-Alfonso, president, Megaworld Corp.; Joey Radovan, country head, JLL Philippines; and Michael Glancy, JLL managing director for Thailand, Vietnam, Indonesia, and the...
Did you know that there are five major festivals celebrated in Bacolod City? Of course, there is the grand MassKara Festival in October, which lures many people to the city with colorful parades and street performances. Completing the list are the Bacolaodiat Festival (Chinese New Year), Bacolod...
Andrew Tan-led township developer Megaworld Corp. is investing ₱30 billion over the next five years to further ramp up its office portfolio by building new office buildings. In a disclosure to the Philippine Stock Exchange, the firm said part of the five-year budget will also be used to...
In today’s fast-paced business landscape, location is everything. Companies are constantly seeking environments that foster productivity, convenience, and sustainability. Megaworld’s office developments—particularly in its award-winning township Iloilo Business Park—provide a seamless...
Megaworld is investing close to P50-billion to develop two new townships in Palawan, the six-hectare Baytown Palawan and the 462-hectare eco-tourism township Paragua Coastown. Palawan’s breathtaking landscapes, pristine beaches, and rich biodiversity have long made it a dream destination for...
MREIT, Inc., the real estate investment trust of township developer Megaworld Corporation, reported a 12 percent improvement in distributable income to P3.2 billion for full-year 2024. In a disclosure to the Philippine Stock Exhcange, the firm said this growth was primarily driven by the...
