Tag: Megaworld

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 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.

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.

Global-Estate Resorts, Inc. (GERI), the tourism and leisure township arm of listed property developer Megaworld Corp., is set to turn over about P11 billion worth of residential and commercial projects this year, underscoring sustained demand for integrated estates outside Metro Manila as property growth continues shifting toward provincial hubs.

Megaworld Corp., the listed property development arm of billionaire Andrew Tan, is cementing its dominance in Western Visayas, capturing a commanding 48 percent share of Iloilo’s office market as demand continues to shift toward integrated township developments outside Metro Manila.