Property
Colliers expects Philippine REITs to expand, diversify portfolios
Colliers, an international diversified professional services and investment management group, expects greater portfolio expansion and diversification to drive the growth and investor interest in the Philippine real estate investment trust, or REIT, sector.
Megaworld, Suntrust to spend P7 billion for a Puerto Princesa project
Property developer Megaworld Corp. and its unit Suntrust Properties, Inc., will develop for P7 billion, a six-hectare property in Puerto Princesa in Palawan into what it calls a lifestyle estate.
Pueblo de Oro earmarks P18-B for Cagayan de Oro, other sites
Pueblo de Oro Development Corporation, the property development arm of the ICCP Group, is positioning to capitalize on the ongoing resurgence of the real estate market. The company is earmarking P18 billion in investments for more housing projects in key locations, including Cagayan de Oro, Batangas, and Cebu.
CPG launches its own Novotel Suites
Antonio-led Century Properties Group Inc. has launched Novotel Suites Manila at Acqua, a 152-room hotel marking its first foray into the hospitality sector.
Megaworld net profit jumps 43% on strong property sales, leasing
Property developer Megaworld Corp. said Thursday its nine-month net profit jumped 43 percent to P12 billion on the back of robust double-digit growth in all its business segments.
