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Real Estate

Features

Hann to build first PGA-affiliated golf course developments in PH

Hann Reserve, a premium sub-brand under the master brand Hann Resorts set to pioneer an ultra-luxe integrated mountain resort at New Clark City, Philippines, will be home to the first and only PGA-affiliated golf courses and player development facilities in the Philippines.

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Business

GERI income up by 28% YoY to P412-M

Megaworld subsidiary Global-Estate Resorts, Inc. (GERI), the Philippines’ leading developer of master-planned integrated tourism estates, registered a total net income of P412.2-million, up by 28% versus the P322.6-million it reported last year.

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Business

MREIT’S Distributable Income up 18% QoQ to P639-M in Q1 2022

MREIT, Inc., the REIT company of the country’s largest office landlord Megaworld, registered distributable income amounting to P639.0 million, for the first quarter of 2022. This translated to an 18% growth as compared to the previous quarter as the company’s recent acquisitions provided their first full quarter contribution during the period.

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