Tag: Megaworld

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Empire East says OFWs continue to drive property market

Property Context.ph Context.ph -
Overseas Filipino workers continue to provide a crucial source of demand for the Philippine housing market, with homeownership aspirations proving resilient despite economic uncertainties abroad, according to listed developer Empire East Land Holdings Inc. 

Megaworld-led share swap deal targets income growth

Property Context.ph Context.ph -
Megaworld Corp., along with Travellers International Hotel Group, Inc. (TIHGI) and Southwoods Mall, Inc. (SMI), has signed a Memorandum of Understanding (MOU) with listed real estate investment trust MREIT, Inc. to pursue a strategic property-for-share swap. 

Alliance Global posts higher profit amid uncertainty

Corporate Context.ph Context.ph -
Alliance Global Group Inc. (AGI) reported a 6 percent increase in first-quarter net income, supported by stronger residential sales, rising leasing revenues, improving hotel operations, and an early recovery in liquor demand despite uncertain economic conditions.

MREIT sale fuels Megaworld township expansion

Property Context.ph Context.ph -
MREIT Inc., a real estate investment trust, is channeling P1.26 billion into township expansion projects across Cebu, Palawan, Bacolod, and Pasig City, as sponsor Megaworld Corp. moves to recycle capital from a recent share sale into fresh property developments and debt reduction.

MREIT targets million-square-meter portfolio ahead of schedule  

Property Context.ph Context.ph -
Megaworld-backed MREIT is accelerating its expansion plans, with the company aiming to grow its gross leasable area (GLA) portfolio to at least one million square meters by 2027 — three years ahead of its original target.
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