Category: GERI

Megaworld’s GERI builds Sta. Barbara Heights into township

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Global-Estate Resorts, Inc. (GERI), a subsidiary of property giant Megaworld, is gearing up for another integrated urban township development in Western Visayas.

The 173-hectare Sta. Barbara Heights in the historic municipality of Sta. Barbara in Iloilo is set to become the 18th township of Megaworld, which will lend its expertise to GERI to develop the vast property into a mixed-use urban community.

“We are allocating P10-billion to develop Sta. Barbara Heights for 10 years. Part of which has already been spent for land development and construction of the village, which started four years ago. We have seen the potential of Sta. Barbara Heights of becoming a full-blown township because of its strategic location near the Iloilo International Airport. In the next five to 10 years, this masterplanned community will help spur economic activities in this town, and we will be able to provide transient passengers and tourists with facilities that are truly welcoming and world-class,” says Monica Salomon, president, Global-Estate Resorts, Inc.

Sta. Barbara Heights will have a direct access to the road leading to the Iloilo International Airport via the Iloilo International Avenue, a six-lane “spine” highway featuring rows of mixed-use and commercial buildings, retail shops, restaurants, boutique hotels and institutional facilities.

Half of the entire development is allocated for the Sta. Barbara Heights Residential Estates, a residential village with three phases offering around 1,000 lots. The village will feature a five-hectare Village Center with amenities that include a 260-meter swimming pool, tennis and basketball courts, children’s park and picnic ground overlooking a lake beside the Iloilo Golf and Country Club, known to be Asia’s oldest golf course.

Sta. Barbara Heights is one of the five masterplanned communities that GERI is currently building across the country. Other developments include the 1,200-hectare Twin Lakes in Alfonso, Batangas; the 561-hectare Southwoods City in the boundaries of Cavite and Laguna; the 150-hectare Boracay Newcoast in Boracay Island; and the 62-hectare Alabang West in Las Pinas City.

“This year, we expect the company to grow by another 30-percent in terms of net income. The first order of business for the new management team is to streamline operations and tap opportunities for growth across all business segments,” reveals Salomon.

 

Megaworld’s GERI builds Sta. Barbara Heights into township

PRNEWS Admin Leave a comment

Global-Estate Resorts, Inc. (GERI), a subsidiary of property giant Megaworld, is gearing up for another integrated urban township development in Western Visayas.

The 173-hectare Sta. Barbara Heights in the historic municipality of Sta. Barbara in Iloilo is set to become the 18th township of Megaworld, which will lend its expertise to GERI to develop the vast property into a mixed-use urban community.

“We are allocating P10-billion to develop Sta. Barbara Heights for 10 years. Part of which has already been spent for land development and construction of the village, which started four years ago. We have seen the potential of Sta. Barbara Heights of becoming a full-blown township because of its strategic location near the Iloilo International Airport. In the next five to 10 years, this masterplanned community will help spur economic activities in this town, and we will be able to provide transient passengers and tourists with facilities that are truly welcoming and world-class,” says Monica Salomon, president, Global-Estate Resorts, Inc.

Sta. Barbara Heights will have a direct access to the road leading to the Iloilo International Airport via the Iloilo International Avenue, a six-lane “spine” highway featuring rows of mixed-use and commercial buildings, retail shops, restaurants, boutique hotels and institutional facilities.

Half of the entire development is allocated for the Sta. Barbara Heights Residential Estates, a residential village with three phases offering around 1,000 lots. The village will feature a five-hectare Village Center with amenities that include a 260-meter swimming pool, tennis and basketball courts, children’s park and picnic ground overlooking a lake beside the Iloilo Golf and Country Club, known to be Asia’s oldest golf course.

Sta. Barbara Heights is one of the five masterplanned communities that GERI is currently building across the country. Other developments include the 1,200-hectare Twin Lakes in Alfonso, Batangas; the 561-hectare Southwoods City in the boundaries of Cavite and Laguna; the 150-hectare Boracay Newcoast in Boracay Island; and the 62-hectare Alabang West in Las Pinas City.

“This year, we expect the company to grow by another 30-percent in terms of net income. The first order of business for the new management team is to streamline operations and tap opportunities for growth across all business segments,” reveals Salomon.

 

Megaworld’s GERI profit up 151% in 2014

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Just a year after its majority acquisition by Megaworld, Global-Estate Resorts Inc. (GERI), the Philippines’ leading tourism estate developer, posted a 151% growth in its net income last year from P341 million in 2013 to P857 million (inclusive of P377 million non-recurring gain) in 2014. Without non-recurring gain, its net income rose to P480 million, a 41% increase year-on-year and almost double growth than in 2012 when its net income was P264 million.

Total revenues of GERI in 2014 almost doubled last year – from P1.71 billion in 2013 to P3.36 billion in 2014, or around 97% growth year-on-year.

This remarkable growth was attributed to real estate sales that accounted to around P2.04-billion, up 139% from P856 million in 2013, due to robust sales of residential projects in Southwoods City and Alabang West.

Last year, the company has launched five (5) projects: Pahara at Southwoods and Holland Park Tower 1 in Southwoods City; Alabang West Village; The Vineyard Residences – Shiraz Tower in Twin Lakes; and Sta. Barbara Heights Phase III in Iloilo.

“GERI has again set the bar by achieving another banner year. This year will be another exciting year for GERI and we expect continuing growth in the company’s revenues as we launch more projects in the coming years,” says Lailani Villanueva, chief finance officer, Global-Estate Resorts, Inc.

At present, GERI has five (5) major developments across the country covering more than 2,200 of Boracay Newcoast in Boracay Island (150 hectares); Twin Lakes in Laurel, Batangas near Tagaytay (1,300 hectares); Southwoods City on the boundaries of Carmona, Cavite, and Biñan, Laguna (561 hectares); Sta. Barbara Heights in Sta. Barbara, Iloilo (170 hectares); and Alabang West (62 hectares).

In May last year, Megaworld announced the purchase of the 49.20% stake of Alliance Global Group, Inc. (AGI) in GERI for P10.43 billion. Today, Megaworld owns 80% of GERI and it has taken an aggressive role in transforming GERI’s vast land bank into integrated urban townships, the concept that Megaworld pioneered in the Philippines.

Strong demand for residential lots in Megaworld’s Alabang West

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Megaworld’s Global-Estate Resorts, Inc. (GERI) continues to remain bullish of its residential projects in Alabang West due to brisk sales and strong demand that prompted the company to launch another phase of the upscale village this month.

According to Rachelle Peñaflorida, vice president for sales and marketing of Megaworld Global-Estate, Inc., after Alabang West was officially launched in October last year, the company has already started selling another phase of residential lots due to the fast take-up of the initial two phases that Alabang West introduced during the launch.

Of the total 788 available lots of the entire village, almost half have been sold out from October to December last year.

The high demand of lots in the township, according to Peñaflorida, has contributed to its good and strategic location in Alabang, aside for its unique selling proposition and its Beverly Hills-inspired theme.
“Due to the good investment climate in Southern Metro Manila, we expect that the remaining available residential lots will be sold out before the first quarter of 2015. We expect land prices in Alabang West to rise by 25 to 30 percent this year from its launch price last year,” says Peñaflorida.

Alabang West is a 62-hectare fully-integrated posh township located along Daang Hari in Las Piñas City. The township is poised as the country’s Beverly Hills of the South through its Hollywood theme that offers the best of a commercial and business lifestyle with its own Rodeo Drive, together with an exclusive village for elite clients.

The township will also devote 6,860-square meters of open space for its exciting lifestyle amenities in the clubhouse. This include the badminton and basketball courts, function rooms, cabanas, game room, café and al fresco dining areas, fitness center, pocket gardens, open space parks, infinity pool, and others that ensure comfort.

Strategically located at the heart of Alabang’s high-end communities and golf course, it is conveniently accessible through major access points such as South Luzon Expressway-Alabang Exit, Filinvest Exit, and the upcoming Daang Hari Exit. Its close proximity will let you move around the Metro within minutes and easily access major central business districts such as Makati and Taguig.

Other major infrastructure projects that are currently being undertaken in the area and will open next year: the Manila-Cavite Expressway (CAVITEX); SLEX-Daang Hari Road; Muntinlupa-Cavite Expressway (MCX); and the Cavite-Laguna Expressway (CALAX).

“As a world-class township, Alabang West will continue to be the driving force to help boost the economic growth in Southern Metro Manila,” says Peñaflorida.

Alabang West is Megaworld’s 15th township in its portfolio which includes the 18-hectare Eastwood City in Quezon City, which is the country’s first cyberpark; 25-hectare Newport City in Pasay City, home of Resorts World Manila; 34.5-hectare McKinley West, 50-hectare McKinley Hill, 15.4-hectare Uptown Bonifacio and 5-hectare Forbes Town Center in Fort Bonifacio; 28.8-hectare The Mactan Newtown in Lapu-Lapu City, Cebu; the 72-hectare Iloilo Business Park in Iloilo; 12.3-hectare Woodside City in Pasig; and 11-hectare Davao Park District in Davao; as well as the 350-hectare Suntrust Ecotown, under its wholly-owned subsidiary Suntrust Properties, Inc. and GERI’s 561-hectare Southwoods City in the boundaries of Cavite and Laguna; 150-hectare Boracay Newcoast in Boracay Island; and the 1,300-hectare Twin Lakes in Tagaytay.

Strong demand for residential lots in Megaworld’s Alabang West

PRNEWS Leave a comment

Megaworld’s Global-Estate Resorts, Inc. (GERI) continues to remain bullish of its residential projects in Alabang West due to brisk sales and strong demand that prompted the company to launch another phase of the upscale village this month.

According to Rachelle Peñaflorida, vice president for sales and marketing of Megaworld Global-Estate, Inc., after Alabang West was officially launched in October last year, the company has already started selling another phase of residential lots due to the fast take-up of the initial two phases that Alabang West introduced during the launch.

Of the total 788 available lots of the entire village, almost half have been sold out from October to December last year.

The high demand of lots in the township, according to Peñaflorida, has contributed to its good and strategic location in Alabang, aside for its unique selling proposition and its Beverly Hills-inspired theme.
“Due to the good investment climate in Southern Metro Manila, we expect that the remaining available residential lots will be sold out before the first quarter of 2015. We expect land prices in Alabang West to rise by 25 to 30 percent this year from its launch price last year,” says Peñaflorida.

Alabang West is a 62-hectare fully-integrated posh township located along Daang Hari in Las Piñas City. The township is poised as the country’s Beverly Hills of the South through its Hollywood theme that offers the best of a commercial and business lifestyle with its own Rodeo Drive, together with an exclusive village for elite clients.

The township will also devote 6,860-square meters of open space for its exciting lifestyle amenities in the clubhouse. This include the badminton and basketball courts, function rooms, cabanas, game room, café and al fresco dining areas, fitness center, pocket gardens, open space parks, infinity pool, and others that ensure comfort.

Strategically located at the heart of Alabang’s high-end communities and golf course, it is conveniently accessible through major access points such as South Luzon Expressway-Alabang Exit, Filinvest Exit, and the upcoming Daang Hari Exit. Its close proximity will let you move around the Metro within minutes and easily access major central business districts such as Makati and Taguig.

Other major infrastructure projects that are currently being undertaken in the area and will open next year: the Manila-Cavite Expressway (CAVITEX); SLEX-Daang Hari Road; Muntinlupa-Cavite Expressway (MCX); and the Cavite-Laguna Expressway (CALAX).

“As a world-class township, Alabang West will continue to be the driving force to help boost the economic growth in Southern Metro Manila,” says Peñaflorida.

Alabang West is Megaworld’s 15th township in its portfolio which includes the 18-hectare Eastwood City in Quezon City, which is the country’s first cyberpark; 25-hectare Newport City in Pasay City, home of Resorts World Manila; 34.5-hectare McKinley West, 50-hectare McKinley Hill, 15.4-hectare Uptown Bonifacio and 5-hectare Forbes Town Center in Fort Bonifacio; 28.8-hectare The Mactan Newtown in Lapu-Lapu City, Cebu; the 72-hectare Iloilo Business Park in Iloilo; 12.3-hectare Woodside City in Pasig; and 11-hectare Davao Park District in Davao; as well as the 350-hectare Suntrust Ecotown, under its wholly-owned subsidiary Suntrust Properties, Inc. and GERI’s 561-hectare Southwoods City in the boundaries of Cavite and Laguna; 150-hectare Boracay Newcoast in Boracay Island; and the 1,300-hectare Twin Lakes in Tagaytay.