Filinvest Land 2018 Revenue Up 10% YoY

Filinvest Land Inc. (PSE: FLI), the property arm of Gotianun-led Filinvest Development Corp. (PSE: FDC), registered a 10% increase in revenues year-on-year (YoY), with gross revenues of PhP22.21 billion in 2018. Driven by rental revenue growth of 27% YoY, which reached PhP5.61 billion, FLI’s recurring income contributed to 46% of FLI’s net income in 2018. […]
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Megaworld, Empire East to Build PhP20B Township in Cainta

Megaworld Corp. (PSE: MEG), along with its subsidiary Empire East Land Holdings Inc. (PSE: ELI), is developing a 24‐hectare property along F. Felix Avenue in Cainta, Rizal, to become the Highland City township. The company’s 24th township development, Highland City will host the expansive Highland Mall with a gross floor area of around 58,000 square […]
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Megaworld Welcomes WeWork’s First Philippine Location in Uptown Bonifacio

Megaworld Corp. (PSE: MEG) has bagged a landmark deal with US-based WeWork for its first Philippine location of collaborative workspaces in Uptown Tower Three in Uptown Bonifacio, Taguig City. Covering two levels with a total gross floor area of 4,081 square meters, WeWork formally opened its operations in Uptown Bonifacio in February, following its launch […]
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SM 2018 Net Income Up 13% to PhP37B

SM Investments Corp. (PSE: SM) reported a 13% growth in net income to PhP37.1 billion in 2018 from PhP32.9 billion in 2017. Consolidated revenues also rose by 13% to PhP449.8 billion from PhP397.9 billion the previous year. Property accounted for 41% of total earnings, with banks comprising 38% and retail 21%. “Our very good results […]
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8990 and Megawide Ink First Horizontal Development Contract

8990 Holdings Inc. (PSE: HOUSE) expands its partnership with Megawide Construction Corp. (PSE: MWIDE) with the signing of a contract to build its newest housing project in Meycauayan, Bulacan. “We are delighted to extend our partnership beyond just vertical developments. With the addition of Deca Homes Meycauayan to our list of projects with Megawide, we […]
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GERI to Build Second Tower of Tulip Gardens in Southwoods

Megaworld Corp. (PSE: MEG) subsidiary Global‐Estate Resorts Inc. (PSE: GERI) is building a second tower for Tulip Gardens inside its 561‐hectare Southwoods City township, following the successful take‐up of the first tower in July last year. The Burgundy Tower of Tulip Gardens will be 22‐storey high, offering 361 residential units ranging from studio, with sizes […]
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Megaworld Enters Tourism Business after GERI Acquisition

Manila—(PHStocks)—Megaworld Corp. (PSE: MEG) has further expanded its development portfolio as it officially enters the tourism sector with the acquisition of majority stakes of Global-Estate Resorts Inc. (GERI), the country’s biggest tourism estate developer. The company now owns 80.4 percent of GERI. With the majority acquisition of GERI, Megaworld has added around 3,000 hectares to […]
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Century Properties Sets PhP20B Azure Project in Pampanga

Century Properties Group Inc. (PSE: CPG) is building a PhP20-billion mixed-use, resort-themed complex in Pampanga with a residential component replicating its Azure community and a beach club designed in collaboration with American socialite and fashion icon Paris Hilton. Read More Source: Philippine Daily Inquirer Related Articles:Century Properties Reports Strong Pre‐sales Uptake for Commonwealth ProjectCentury Properties, Asian […]
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