Tag: Megaworld

  • Megaworld income up 36% to P14.4B in 2021

    Megaworld income up 36% to P14.4B in 2021

    Strong real estate sales, office rentals, and hotel revenues led Megaworld’s growth last year Megaworld, the country’s largest developer of integrated urban townships, grew its net income by 36% to P14.4-billion last year from P10.6-billion recorded in 2020, just as the company registered gains in line with the improving business environment. Net income attributable to […]

  • MREIT nets P2 billion in first 6 months of operation

    MREIT nets P2 billion in first 6 months of operation

    MREIT Board declares higher dividends for fourth quarter of 2021 MREIT, Inc., the REIT company of the country’s largest office landlord Megaworld, reported net income of P2.0-billion for the six months period ending December 2021, inclusive of a fair value gain on MREIT’s investment properties of P702 million.

  • Megaworld to develop P5-billion shophouse and boutique hotel district in Paragua Coastown

    Megaworld to develop P5-billion shophouse and boutique hotel district in Paragua Coastown

    240 lots offered in Mercato Shophouse District and Porto Hotel District out of the 462-hectare eco-tourism township in San Vicente, Palawan Township developer Megaworld is developing a sustainable boutique hotel and shophouse district within its 462-hectare Paragua Coastown in San Vicente, Palawan.

  • Megaworld leased out 415,000 sqm of office spaces since start of pandemic

    Megaworld leased out 415,000 sqm of office spaces since start of pandemic

    Overturning the anticipated effects of the coronavirus pandemic, Megaworld has reported that it booked around 415,000 square meters of office leases since the start of the pandemic early last year. Around 60% of these lease contracts booked since last year were renewals while the remaining 40% were new leases, mostly from the information technology (IT) […]

  • Megaworld lines up 21 major projects to further boost rental income portfolio

    Megaworld lines up 21 major projects to further boost rental income portfolio

    Company to use planned REIT proceeds to finance these projects in 11 townships Following its filing of registration statement for the planned biggest Real Estate Investment Trust (REIT) offering, Andrew Tan-led property giant Megaworld is strengthening its development pipeline in the next five years as it looks on investing the proceeds from the offer to […]

  • Megaworld tempers pandemic impact with stronger, stable office business

    Megaworld tempers pandemic impact with stronger, stable office business

    Megaworld Premier Offices bags 135,000 sqm of new leases mostly during the lockdown in 2020 MANILA – Andrew Tan-led property giant Megaworld closed deals for new office leases last year, even as the three quarters of the year were marred by community lockdowns across the country. Around 135,000 square meters of fresh office space inventory […]

  • Megaworld’s rental income recovers in Q3, up 13% QoQ

    Megaworld’s rental income recovers in Q3, up 13% QoQ

    Company remains optimistic of ‘better days ahead’ as government intensifies efforts to revive the economy Property giant Megaworld’s rental income grew 13% to P3.4-billion during the third quarter from P3-billion in the previous quarter as quarantine restrictions have been eased. The company’s office rental business, under the Megaworld Premier Offices brand, continued its growth momentum […]

  • Megaworld optimistic on quick recovery, rolls out 4-point plan to rise from pandemic

    Megaworld optimistic on quick recovery, rolls out 4-point plan to rise from pandemic

    Property giant Megaworld is optimistic that it can recover quickly from the pandemic next year following reports of coronavirus vaccines to be released before year-end. In his message at the company’s Annual Stockholders’ Meeting via live webcast, Megaworld chairman and CEO Dr. Andrew L. Tan said the company is ready to bounce back as it […]

  • Megaworld grows office business even during pandemic

    Megaworld grows office business even during pandemic

    Office rental income growth of 10% helped cushion pandemic impact even as H1 profits registered 34% drop Megaworld, the country’s leading developer of integrated urban townships, posted a 34% drop in its net income during the first half of the year, from P8.9-billion to P5.9-billion. Consolidated revenues for the first six months declined by 25% […]

  • Megaworld creates unit for digital technology investments

    Megaworld creates unit for digital technology investments

    Andrew Tan-led property giant Megaworld is creating a wholly-owned subsidiary that will spearhead the company’s investments and ventures into digital innovations and technology as it takes advantage of opportunities brought about by changes in consumer behaviors and lifestyles in this digital age. AGILE Digital Ventures is Megaworld’s digital investment arm that will engage in investing […]

  • Megaworld launches 5th residential development in Cebu

    Megaworld launches 5th residential development in Cebu

    20-storey The Pearl Global Residences to add 222 residential units in the 30-hectare The Mactan Newtown Property giant Megaworld is launching its fifth residential development inside the 30-hectare The Mactan Newtown in Lapu-Lapu City, Cebu. The 20-storey The Pearl Global Residences will add 222 units in the existing 1,836 residential unit inventory in the township. […]

  • Megaworld to build P1.5B beach mall in Mactan Newtown

    Megaworld to build P1.5B beach mall in Mactan Newtown

    New mall on a shoreline cliff to be highlighted by a man-made lagoon, boutique hotel, garden chapel, beach walk, and rows of retail shops & restaurants including four cinemas Property giant Megaworld is building a two-level mall along the beachside cliff of its 30-hectare The Mactan Newtown development in Lapu-Lapu City. With a total gross […]

  • Megaworld’s 1st half 2019 earnings up 18% to P8.9B

    Megaworld’s 1st half 2019 earnings up 18% to P8.9B

    Residential, rental, and hotel businesses register double-digit growth Megaworld, the country’s pioneer in and largest developer of townships, grew its net income by 18% to P8.9-billion in the first half of 2019 from P7.5-billion during the same period last year. Excluding a non-recurring gain of about P189-million in the first six months of 2019, the […]

  • Megaworld to further expand lifestyle malls footprint this year

    Megaworld to further expand lifestyle malls footprint this year

    Property giant Megaworld is expanding its commercial retail portfolio this year, with the opening of 11 commercial properties across its townships all over the country. By end of the year, the company will open new retail spaces in Iloilo Business Park in Mandurriao, Iloilo City; Alabang West along Daang Hari in Las Piñas City; McKinley […]

  • Megaworld to build Spanish-inspired residential tower in The Mactan Newtown

    Megaworld to build Spanish-inspired residential tower in The Mactan Newtown

    To be built in time to mark the 500th year of the circumnavigation of the world by the ship that inspired its name, the La Victoria Global Residences will add 181 units to the residential inventory at the 30-hectare township The Mactan Newtown in Lapu-Lapu City. “We launch this tower 500 years after Magellan was […]

  • Megaworld’s 2017 net income jumps 13.4%, sets P60B capex this year

    Megaworld’s 2017 net income jumps 13.4%, sets P60B capex this year

    Megaworld, the country’s largest developer of integrated urban townships, grew its net income by 13.4% to P13.3-billion (including non-recurring gains of P113-million) in 2017 from P11.7-billion (including non-recurring gain of P82-million) the previous year. Net income attributable to parent company ended at P12.8-billion by end-December 2017, a 12.7% jump from P11.3-billion during the same period […]

  • Megaworld set to open La Salle-supervised school in Mactan Newtown

    Megaworld set to open La Salle-supervised school in Mactan Newtown

    A student-centered learning institution under the supervision of the De La Salle Brothers will open this June for school year 20018-2019 within the Mactan development of property giant Megaworld and has been officially named “Newtown School of Excellence.” Megaworld Cebu Properties, Inc. president Noli D. Hernandez said the school will initially offer classes for the […]

  • Megaworld elevates township standards with tech, design, connectivity

    Megaworld elevates township standards with tech, design, connectivity

    Property giant Megaworld is embarking on a company-wide program to future-proof its developments around the country through the creation of “iTownships.” The company said its 28-year leadership in pioneering the Live-Work-Play concept of property development in the Philippines gave birth to “Townships.” It is elevating the standards by incorporating digital technology, design innovations, and connectivity […]

  • Megaworld offers special Halloween treat at The Mactan Newtown with 1st-ever outdoor movie cinema in Cebu

    Megaworld offers special Halloween treat at The Mactan Newtown with 1st-ever outdoor movie cinema in Cebu

    This Halloween, scream all you can at the series of spine-tingling, hair-raising horror flicks at the first-ever outdoor movie cinema at The Mactan Newtown in Lapu-Lapu City. Dubbed as “Fright Night,” the Newtown Outdoor Cinema will feature three of the all-time best horror movies this coming October 30 (Sunday), from 5 pm onwards. The Newtown […]

  • On a Pokemon hunt? Catch them at The Mactan Newtown

    On a Pokemon hunt? Catch them at The Mactan Newtown

    There’s no denying that the Pokemon Go mania has landed in the Philippines, and like many others, Cebuanos are also left with the same question: Where can we find more Pokemons? No need to worry, you’re going to catch them all—more than 20 Pokemons are currently lurking around the 30-hectare The Mactan Newtown. Prepare to […]