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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GERI to Quadruple Rental Income in Three Years

Manila—(PHStocks)—Global‐Estate Resorts Inc. (PSE: GERI), a subsidiary brand of Megaworld Corp. (PSE: MEG), expects its rental income to grow four times by 2020 as its opens new commercial centers and office towers in its various tourism estates across the country. This year, the company’s rental income is expected to reach PhP150‐million, coming from office and […]
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Megaworld Q1 Income Up 12.13% to PhP2.63B

Manila—(PHStocks)—Property giant Megaworld Corp. (PSE: MEG), the Philippines’ leading developer of integrated urban townships and the biggest lessor of office spaces, grew its net income by 12.13% to PhP2.63‐billion in the first quarter of 2016, from PhP2.35‐billion during the same period last year. Megaworld’s rental business boosted the company’s first quarter growth, with revenues soaring to an all‐time high […]
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