Category: Global-Estate Resorts Inc.

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.

Megaworld’s GERI to build condominium in Southwoods City

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Following the successful launch of Southwoods City and its residential village, Pahara, Global Estate Resorts, Inc. (GERI), a subsidiary of real estate giant Megaworld, introduces its first-ever residential condominium development in the 561-hectare Southwoods City.

Holland Park is a Danish-inspired, low-rise residential condominium cluster that will soon rise within the sprawling business and lifestyle district of Southwoods City, a township surrounded by a golf course in the boundaries of Carmona, Cavite and Binan, Laguna.

“As the first condominium development in Southwoods City, Holland Park will offer first-of-its-kind residences featuring the famous architectural wonders of Copenhagen. These residences right at the heart of the booming Southwoods City CBD will be perfect for families finding a refreshing abode surrounded by the lush greeneries of the township’s own golf course,” says Rachelle Peñaflorida, vice president for sales and marketing, Megaworld Global-Estate, Inc.

The two-clustered residential project will be a low-density community with an initial of 161 units, consisting of studios, one-bedroom, two-bedroom, and three-bedroom units.

Holland Park is strategically located within walking distance from the proposed Southwoods Mall, as well as from the office and BPO buildings that will soon rise in the township. Completion of Holland Park is expected in 2017.

“The rising demand for properties in Southwoods City prompts us to launch the first condominium project in the township, just a few months after we reached 90% sold out for Pahara,” adds Penaflorida.

Launched in March this year, Pahara is a 26-hectare upscale residential village within Southwoods City, sitting beside the slopes and greenscapes of the Manila Southwoods Golf and Country Club.

Southwoods City is a masterplanned township that is poised to be the next central business district south of Metro Manila. It will have its own cyberpark, malls, schools, church, open parks, leisure facilities, a weekend market, transport hub as well as residential villages and a golf course. It is easily accessible through the South Luzon Expressway with a traveling time of only 20 minutes from Makati CBD and 10 minutes from Alabang.

Southwoods City is one of the 15 townships developed by Megaworld and its subsidiaries. Other townships include 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 150-hectare Boracay Newcoast in Boracay Island; and 1,300-hectare Twin Lakes in Tagaytay.

Megaworld’s GERI to build P10-B township in Alabang

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Megaworld Global-Estate Inc. VP for sales and marketing Rachelle Penaflorida talks about Alabang West Village with Megaworld SVP Jericho Go, and head of public relations and communications Harold Geronimo at a press briefing in Marriott Hotel Manila.

Megaworld, the country’s leading real estate developer, through its subsidiary Global Estate Resorts, Inc. (GERI), is developing a 62-hectare prime property in Alabang into another township.

To be named ALABANG WEST, this vast property beside the booming business and commercial district that Alabang has been known for, will integrate a Beverly Hills-themed lifestyle concept into its commercial and residential developments.

“Soon to rise will be a themed township that highlights the best of Hollywood, specifically Beverly Hills. We envision this development to be the next big thing in Alabang,” says Jericho P. Go, senior vice president, Megaworld.

Megaworld’s GERI is allocating P10-billion to develop Alabang West in the next five years.

Tapping Megaworld’s expertise in township developments, GERI is constructing a 1.3-kilometer commercial and retail row, inspired by Hollywood’s famous Rodeo Drive within Alabang West.

Beside the stretch of Rodeo Drive will be an exclusive Alabang West Village with 788 residential lots ranging from 250 to 800 square meters.

“Alabang West Village will be a posh neighborhood that is distinctly “Alabang” inspired by the glitz and glamour of Hollywood’s Beverly Hills. This is a perfect haven to those seeking the cosmopolitan vibe away from hustle and bustle of Metro Manila,” says Rachelle Penaflorida, vice president for sales and marketing, Megaworld Global-Estate, Inc.

Megaworld has been known for developing fast-selling high-end residential villages such as McKinley Hill and McKinley West villages in Fort Bonifacio, Corinthian Hills in Quezon City and Pahara in Southwoods City.
Of the total land area of Alabang West, 76 percent is allocated for residential development while the rest is for the township’s commercial and retail district.

The village will have a huge clubhouse complex with amenities that include badminton and basketball courts, function rooms, cabanas, game room, café and al fresco dining areas, a fitness center, pocket gardens, open space parks, infinity pool, among others.

Strategically located at the heart of Alabang’s high-end communities and golf course, Alabang West is conveniently accessible through the major access points of the South Luzon Expressway-Alabang Exit and the upcoming Daang Hari Exit. Its close proximity allows everyone to move around the Metro within minutes and easily access the major business districts of Makati and Fort Bonifacio.

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.