Megaworld Hotels & Resorts, top township developer Megaworld Corp.’s hospitality arm, is opening Belmont Hotel Iloilo, its third hotel development within the 72-hectare (ha) Iloilo Business Park in Iloilo City. Located along Festive Walk Parade, just beside Saint Dominique and a short walk...
Top township developer Megaworld Corp. is kicking off the ₱12-billion development of San Benito Private Estate in the next few months with the construction of roads, key infrastructure, and vital township components. The project, a 25-hectare (ha) integrated active wellness township located in...
Andrew Tan-led top office landlord Megaworld Corp. has reinforced its leadership in green office developments after expanding its portfolio of LEED-certified and registered properties to 32—currently the most in the Philippine real estate industry. This comes after the certification of...
Megaworld Corp., the Philippines’ largest office landlord, said Mead Johnson Nutrition Philippines will relocate its headquarters to the developer’s Uptown Bonifacio township in Taguig City. Mead Johnson, a unit of U.K.-based consumer health giant Reckitt Benckiser Group Plc, is moving its...
Boracay has always had a way of calling you back; but this time, it feels different. There is a renewed energy in the island, a quiet confidence that signals not just recovery, but evolution. And at the center of this shift is Boracay Newcoast, where my recent stay at Chancellor Hotel Boracay...
MREIT Inc., the real estate investment trust (REIT) of Andrew Tan-led Megaworld Corp., has secured the Securities and Exchange Commission’s (SEC) approval for the fourth wave of its property-for-share swap transaction worth ₱16.2 billion. This paves the way for MREIT to proceed with the...
Andrew Tan-led top township developer Megaworld Corp. has raised ₱945 million from the sale of shares of its real estate investment trust (REIT), MREIT Inc., to reduce its stake in the subsidiary and pave the way for a fresh asset infusion in exchange for new shares. In a disclosure to the...
MREIT Inc. (MREIT), the real estate investment trust (REIT) of Andrew Tan-led top township developer Megaworld Corp., reported an 18-percent growth in attributable net income to ₱3.7 billion, driven by higher occupancy and sustained leasing momentum across its office portfolio. In a disclosure...
Megaworld Corp., the pioneer of the integrated township model in the country, is projecting continued growth this year after reporting its third consecutive year of record earnings. Lourdes Gutierrez-Alfonso, Megaworld president and chief executive officer, said the property giant plans to...
Top township developer Megaworld Corp. is expanding its footprint into Northern Luzon with the launch of a ₱2-billion beachside residential project in Ilocos Norte. In a statement on Wednesday, Feb. 25, Megaworld said the development, dubbed Ilocandia Beach Village, serves as the first...
Andrew Tan-led township developer Megaworld Corp., through its retail and commercial arm Megaworld Lifestyle Malls, is investing ₱10 billion to build four malls, which will add more than 150,000 square meters (sqm) of gross floor area (GFA) to its retail portfolio. The firm said in a disclosure...
Top township developer Megaworld Corp. is raising its capital expenditure by 30 percent this year to ₱65 billion amid its pivot toward aggressive expansion in provincial markets. In a disclosure to the Philippine Stock Exchange, the firm said the developer, which had previously earmarked ₱50...
