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Megaworld


REAL ESTATE


Megaworld Corporation was founded by Andrew Tan and incorporated under Philippine law on August 24, 1989 to engage in the development, leasing and marketing of real estate. The company initially established a reputation for building high-end residential condominiums and commercial properties located in convenient urban locations with easy access to offices as well as leisure and entertainment amenities in Metro Manila.

 

Eastwood City
Eastwood City is the first township to implement the Company's "live-work-play-learn" concept. Its 18.50-hectare community property in Libis, Quezon City has 19 completed luxury condominium towers, 10 first-classcorporate office buildings, and a modern IT park. The planning of Eastwood City adopts an integratedapproach to urban planning, with an emphasis on the development of the Eastwood City Cyberpark toprovide offices with infrastructure such as high-speed telecommunications and 24-hour power supply thatsupport BPO and other technology-driven businesses. The township provideseducation/training,restaurants, leisure and retail facilities and residences. It is currently home to more than 25,000 residentsand 55,000 workers. Eastwood city is also home to the four-level Eastwood Mall – a shopping and diningdestination which has been declared the “Best Shopping Center” by the Philippine Retailers Association.Eastwood City has three malls and around 500 commercial and retail shops.


Forbes Town Center

Forbes Town Center is located in a 5-hectare land in Bonifacio Global City, Taguig, Metro Manilaadjacent to the Manila Golf Club, Manila Golf and Country Club, the prestigious Forbes Park residential subdivision andDasmariñas Village. Forbes Town Center has 12 residential towers which house morethan 3,500 residentialunits. Upon completion, Forbes Town Center is expected to consist of residential, retail and entertainmentproperties. The focal point of activity in Forbes Town Center is the aptly named Forbes Town Road, a retailstrip with 37 restaurants and shops that cater to the diverse needs of the residents of the community’s threeBellagio towers, six towers of Forbeswood Heights, two towers of Forbeswood Parklane, and the 53-storeyEight Forbes Town Road. This is connected to another Fort Bonifacio landmark, Burgos Circle, a leisurespot with residential condominiums and a small park. These commercial centers along with each of thecondominiums’ convenient location and top- notch resort-style amenities form a lifestyle of absolute leisure.


McKinley Hill

McKinley Hill is a community township located on approximately 50 hectares of land in Fort Bonifacio,Taguig City, Metro Manila. McKinley Hill consists of office, residential, retail, educational, entertainment andrecreational centres. The residential zone consists of subdivision lots for low-density single-detachedhomes, clusters of low-rise residential garden villas and residential condominiums. The office properties willinclude the McKinley Hill Cyberpark which is a PEZA-designated IT special economic zone. Tenants of theoffice properties will largely comprise of software developers, data encoding and conversioncentres, callcentres, system integrations, IT and computer system support. The leisure and entertainment zone willconsist of bars, restaurants, specialty shops, cinemas and sports complex. Three internationalschools, theChinese International School, the Korean International School and Enderun College, a hotel managementinstitution affiliated with Les Roches of Switzerland, comprise the “learn” component of the township.McKinley Hill is also home to the British Embassy and the Korean Embassy.


Newport City

Newport City is a community township located on 25 hectares of land at the Villamor Air Base, Pasay CityMetro Manila, across from the NAIA Terminal 3 and adjacent to the Villamor golf course. It will be targetedtowards tenants and buyers who consider proximity to the NAIA Terminal 3 an advantage. The residentialzone consists of eight to nine-storey medium-rise buildings. The corporate zone comprised of officebuildings. The Company expects to establish a PEZA special economic zone cyberpark at Newport City.The leisure and entertainment zone consist of bars, restaurants, retail and tourist oriented shops, which aredesigned to complement the office and residential buildings in the community township. Newport City ishome to Resorts World Manila, which is a leisure and entertainment complex comprising gaming facilities,restaurants, hotels and shopping outlets. The hotel zone comprises the Marriott Hotel, Maxims Hotel,Holiday Inn Express Hotel, Belmont Luxury Hotel and Savoy Hotel.


McKinley West

The Company is developing McKinley West, an “ultra high-end” township on a 34.5-hectare portion of theJUSMAG property in Fort Bonifacio which is directly beside Forbes Park andManila Polo Club and acrossMcKinley Hill in Taguig, Metro Manila. The development ofMcKinley West into a mixed-use project isanother joint venture undertaking with BCDA. McKinley West will have rows of luxury residential estates withsome properties having their own swimming pools, state-of-the-art security features and first-of-its-kindluxury amenities designed by some of the world’s leading European architects to have state-of-the-artsecurity features and luxury amenities. The upscale residential enclave will be supplemented by a modernbusiness district of sustainable office buildings, an international school, and a chic commercial centre, whichwill all be complemented by open spaces and lush greenery. Ingress and egress points of the estate areconveniently along Lawton Avenue which connects Fort Bonifacio to Pasay City and Makati City.


The Mactan Newtown

Megaworld’s first township venture outside Luzon, Mactan Newtown is a mixed-usedevelopment on a 30-hectare property near Shangri-La’s Mactan Resort and Spa in Mactan,Cebu, Mactan Newtown combineshigh-end office towers, luxury condominiums, leisureamenities, retail shops, a school, and upscale hotels. Itwill also have its own exclusive, world-class beach club at the township’s beachfront, and sports facilities atthe 11-hectare beachfront property formerly known as Portofino Beach. It is also near the Mactan-CebuInternationalAirport, making the township ideal for residence, business or leisure. The first phase of theproject is expected, on completion, to comprise high-tech BPO offices, and retail centres, luxurycondominiums, leisure facilities and beach resort frontage. The Mactan Newtown isapproximately10minutes away from the Mactan-Cebu International Airport, the Philippines’second largest airport.Soon torise are 5 hotels, two of which are at the beachfront.


Uptown Bonifacio

The Company is developing Uptown Bonifacio, an approximately 15.4-hectare property in FortBonifacioinTaguig, Metro Manila. Modeled after the most progressive cities around the world Paris, London, Milan,New York and Tokyo, Uptown Bonifacio is comprised of a residentialportion in the northern part of FortBonifacio, and a portion for mixed-use, comprising office andretail space. It is well placed to cater to the fast-paced lives of today’s young professionals andgrowing families. Set in the heart of FortBonifacio, thetownship will be close to several ofthe new CBD’s popular landmarks, such as ForbesTown Center, BurgosCircle, the MindMuseum, Bonifacio High Street, and The Fort Strip. First classhealth care and educationwillnever be far with St. Luke’s Medical Center and the institutional zone mere footsteps away.Within thetownship is a complete community of its own: live luxuriously in the residencesof Uptown Bonifacio; work inthe top grade office sites; and play at its very own high-end commercialcenter, Uptown Place Mall. Thetownship is easily accessible via Kalayaan Avenue, C-5 Road and EDSA.


Boracay Newcoast

Boracay Newcoast is a 150-hectare mixed-use leisure and resort development. It is envisioned to be thenext world-class tourism destination in the paradise island. Soon to rise in the tropical tourism developmentare luxury and boutique hotels, commercial and retail district, upscale villas, and an exclusive residentialvillage. Among the first residential towers to rise is Oceanway Residences, a cluster of mid-risecondominiums offering amazing views of the Sibuyan Sea, Mt. Luho, the island’s highest peak, as well asthe Fairways & Bluewater Golf Course. Aside from Oceanway Residences, among the upcoming projectshere include four hotels and an Ibizainspired commercial and retail strip, all the more making it the mostanticipated destination in Boracay.


Twin Lakes

Twin Lakes is a 1,200-hectare mixed-use leisure and resort community that raises the bar of living inTagaytay. The tourism estate will feature the best of Europe at the first residential cluster called TheVineyard Residences, which will be composed of three mid-rise condominium towers named after famousgrape varieties: Shiraz, Merlot, and Chardonnay. Twin Lakes also has a unique mixed-use communitydevelopment called The Vineyard, which spans 177-hectareof natural landscape that offers the perfect viewof the famous Taal Volcano, along with a viewof the man-made lake within the estate. The Vineyard willhave its own sports club and spa,wedding venue, and the 10-hectare vineyard that will produce real grapesthat can be processed, stored, and aged in a very own chateau. The township will also have commercial andretail hubs (The Village and Lakeshore Town Center), a university park, as well as a nature park. Otherdevelopments in Twin Lakes include a retirement community, wellness center, hotel and chateau, amongothers. With these developments, one can enjoy both the natural and man-made wonders at Twin Lakes.


Iloilo Business Park

Iloilo Business Park is a mixed-planned community in a 72-hectare property in Mandurriao, Iloilo. Whencompleted, it will be a mixed-use business, tourism, commercial and residential hub with a residentialcommunity, BPO office buildings, hotels, a convention center, retail centers and a lifestyle center, all at theheart of Iloilo, a new growth center in the Visayas. The entire Iloilo Business Park development wasregistered as a special economic zone with the Government, which allows it to benefit from a tax holidayperiod as well as other incentives for investors. It also features The Street of Festive Walk, a 1.1-kilometerretail strip inspired by outlet shops in America and envisioned to be the longest shop-and-dine street outsideof Metro Manila. Iloilo Business Park has launched three residential condominium developments to date–One Madison Place Luxury Residence, Lafayette Park Square and The Palladium, the tallest building in theregion at 22 storeys high. With Iloilo Business Park, Megaworld aims to transform Western Visayas into thenext central district in the region.


Suntrust Ecotown

Sitting on a 350-hectare land in Tanza, Cavite, the Suntrust Ecotown will be Megaworld’s first mixed-usedevelopment with an industrial park, also a first in the country. The industrial park is the country’s first to beaccredited by PEZA with lifestyle amenities. It is also positioned to be the major hub for world-class light tomedium export-oriented industries, residential, commercial, and institutional establishments in the south. AtSuntrust Ecotown, 111 hectares will be allotted for the industrial park, another 40 hectares is dedicated forthe expansion of the industrial park and the integration of lifestyle amenities such as a hotel, commercialand retail hubs, driving range, mini golf course, putting greens, swimming pool, jogging path, basketball andbadmintoncourts, and open parks, and another 200 hectares of future development that may includeresidential and other recreational facilities.


Davao Park District

Davao Park District is the Company’s first township development in Mindanao, specifically on an 11-hectareproperty along S.P. Dakudao Loop in Lanang, Davao City which used to be the Lanang Golf and CountryClub. The township is envisioned to the Mindanao’s new central business district, by being a center forBPO and other corporate entities over the next sevenyears. Also located in Davao Park District are thethemed residential condominiums that will bebuilt by Suntrust Properties, a wholly-owned subsidiary ofMegaworld. The township will alsohave a lifestyle mall, commercial and retail strips, open parks, a lagoon,and a school. The firstoffice tower to rise is the iconic 15-storey Davao Finance Center, which is due forcompletion by2017. The first tower in One Lakeshore Drive, a 4-tower condominium cluster, startedselling in 2014.


Southwoods City

Southwoods City is the largest and only fully-integrated township with a golf course located inthe south ofMetro Manila. The 561-hectare property is a mixed-use development that featuresthe Jack Nicklaus-designedManila Southwoods Golf and Country Club, a central businessdistrict, a mall, schools, a church,and a medical facility among others. It maintains its suburbanfeel while being conveniently accessible viathe South Luzon Expressway. Within SouthwoodsCity is Pahara, a 26-hectare residential village consistingof over 600 lots, each having aspectacular view of the golf course and the Laguna de Bay. Pahara, which isa Bengali term for hills, was named due to its landscape and terrain. This residential village has aMediterraneaninspired architectural theme with green open spaces and its own clubhouse, swimming pool,function halls, children’s playground, an outdoor circuit gym, and parks.


Alabang West

Alabang West is a 62-hectare township located at the heart of Alabang’s leisure, business and
commercial district. It delivers the glitz and glamor of Beverly Hills by offering high-end shopping
boutiques and world-class amenities, all in a posh neighborhood. It is easily accessible to and fromMetro Manila via the South Luzon Expressway and the Daang Hari Exit. Alabang West has a 1.3-kilometer commercial and retail row inspired by Hollywood’s famous Rodeo Drive and anexclusiveAlabang West Village that features over 700 residential lots. The village will have a clubhouse withbadminton and basketball courts, function rooms, game room, a fitness center,and an infinity pool.


ArcoVia City

Envisioned as an environment-friendly community, the 12.3-hectare ArcoVia City is locatedalong the C-5Road in Pasig City. A main “green” feature of the township is the approximately1,000 trees that will beplanted around the development. This greening feature will help providean outdoor thermal comfort for thefuture residents, workers, tenants and visitors of thetownship. Sustainable buildings registered underLeadership in Energy and Environmental Design (LEED) are the standard of office developments in thistownship, with the first two to risedesigned by world-renowned architectural firm Skidmore, Owings &Merrill. Other greenfeatures of ArcoVia City are a rainwater catchment facility, a network of bicycle lanes,and wide tree-lined sidewalks. Aside from office towers, the township will have residential condominiums, alifestyle mall, retail and commercial strips, and open parks.


The Upper East

The Upper East sits on a 34-hectare property in Bacolod City, Negros Occidental and is boundby BurgosAvenue on the north, Lopez Jaena Street on the west, the Circumferential Road on the east, and is justacross the New Government Center. Modeled after New York City’s UpperEast Side district, its primelocation is geared to be Bacolod’s own version of an upscale lifestyle district where residentialcondominiums, malls and commercial centers, BPO office towers,tourism and leisure facilities as well asrecreational parks and open spaces are integrated tocreate an exciting Live-Work-Play township, whichMegaworld pioneered in the Philippines.


Northill Gateway

Northill Gateway will rise in the northern part of Bacolod, where the famous Sugar Road wasbuilt. Sitting ona 50-hectare property along the new Circumferential Road on the boundaries of Talisay City and BacolodCity, it has direct access to the new Bacolod-Silay Airport. It will rise inan area that has a direct link to TheUpper East via the Circumferential Road. Northill Gateway is envisioned to be a refreshing lifestyle districtthat will house upscale residential villages,mixed-use office and retail developments, leisure andrecreational amenities as well as institutional facilities. Megaworld is constructing a ‘commercial town center’on the Bacolod side of the rising Northill Gateway township occupying around 7.5 hectares, the NorthillTown Centerwill be a sprawling horizontal commercial development composed mostly of stand-alone two-storeystructures of retail shops and dining establishments, surrounded by landscaped parks and openspaces. The town center, which will be accessible along the Bacolod-Silay AirportAccess Road, will alsohave a central plaza, an events venue, ‘pasalubong’ centers featuringlocal Negrense delicacies, asupermarket, and wellness and sports facilities.


Sta. Barbara Heights                                                                                                      

Sta. Barbara Heights is a 173-hectare mixed-use development has 34 hectares allocated forresidential lots,which offer a backdrop of a nearby natural lake and rolling hills in Sta. Barbara, Iloilo. The township isadjacent to the historic Santa Barbara Church and Convent and the Iloilo Golf Course and Country Club, theoldest golf course in Asia. Sta. Barbara Heights will have adirect access to the road leading to the IloiloInternational Airport via the Iloilo InternationalAvenue, a six-lane “spine” highway featuring rows of mixeduseand commercial buildings, retail shops, restaurants, boutique hotels and institutional facilities. Half of theentire development is allocated for the Sta. Barbara Heights Residential Estates, a residential village withthree phases offering around 1,000 lots. The village will feature a five-hectare Village Center withamenitiesthat include a 260-meter swimming pool, tennis and basketball courts, children’s park and picnic groundoverlooking a lake beside the Iloilo Golf and Country Club.


Capital Town

Capital Town is 35.6-hectare prime property beside the provincial capital of the City of SanFernando,Pampanga, 21st integrated urban township by Megaworld set to become the newestCentral BusinessDistrict of the North. It is situated at the heart of San Fernando, Pampanga,where Pampanga SugarDevelopment Company (PASUDECO) used to operate.Its existence then became a catalyst for the exponential growth of the city. Backed by PASUDECO’s rich
history, culture and heritage, the development of Capital Town will be at the forefront ofbusiness and progress as the area enters new phase of growth in moving forward whilepreserving its values.


Westside City

Westside City will be the second site of Resorts World Manila in the Philippines. The 31-hectare leisure andentertainment township at the booming Entertainment City in Parañaque will also have international hotels, aluxury mall, and residential condominiums. The launch of Westside City marked Megaworld’s 20thintegrated urban township, the most by any developer in the country. The township will also be home toMegaworld’s upscale residential condominiums, a luxury mall as well as international hotel brands such asThe Westin Hotel of the Starwood AsiaPacific Hotels & Resorts Group, Hotel Okura Manila of the OkuraHotels & Resorts, the GentingGrand and Crockfords Tower of the Genting Group, and Kingsford Hotel.These hotels will have a total of around 1,500 rooms. Part of the Company’s vision for Westside City is tobecome the “Broadway of Asia” as the township highlights facilities for the performing arts. It will be home to
the Philippines’ first Grand Opera House that has a total capacity of approximately 3,000 persons.


Maple Grove

Maple Grove is a 140-hectare property in General Trias, Cavite. This vast property will bedeveloped intoanother world-class mixed-use development, where relaxation and natureperfectly blend with the urbanlifestyle. Just 45 minutes away from Makati and other MetroManila CBDs via Coastal Road and Cavitex,Maple Grove is at the entry point of the boomingindustrial and residential center of the Cavite-Batangascorridor. The Company is allocating ₱10-billion in the next 10 years to develop Maple Grove. The townshipwill have an eclectic mix of residential, retail, office and institutional components.


Eastland Heights

Through its subsidiary, GERI, Megaworld is building Eastland Heights, an ‘integrated lifestyle community’ inAntipolo, Rizal on an expansive 640 hectares of land along Marcos Highway with some areas overlookingMetro Manila’s panoramic skyline. The vast property has its own iconic 36-hole golf course and country club,which will occupy around 20% of the entire development. It is also known for its rolling terrains on the foot ofthe scenic Sierra Madre Mountain Range.The Company is spending ₱5-billion to develop Eastland Heightsin the next five to seven years. Aside from the golf course, the community will have residential, commercialand retail, and institutional components such as a school.


The Hamptons Caliraya

The Hamptons Caliraya is located in Lumban-Cavinti, Laguna, surrounding Lake Caliraya, The HamptonsCaliraya is a 300-hectare development set to feature a lakeside residential villagesand villas, atown centre,two 18-hole golf courses and clubhouse, and a Marina Club that offersa wide range of water sportsactivities such as boating, jet ski and kayaking, as well as a shophouse district and resort hotel district.

 

Travellers International Hotel Group, Inc.

When AGI announced to all and sundry that it planned to make the Philippines a world-class tourist destination and place the country in the global tourism map, very few took the company’s pronouncement seriously. Most thought that such a grand plan was too big for any single company in the country to achieve.


But AGI was sure that with just the right investments, some well-planned infrastructure projects, and a firm resolve to do the right thing, the company would be able to help make the Philippines a major tourist attraction in the region and beyond.


For one thing, PAGCOR officials predict that the Philippines can easily surpass what Las Vegas, the world’s gaming capital, earns in casino revenues once the Entertainment City project is fully operational. Moreover, studies have shown that the number of tourists that come to the country is merely capped by the sore lack of first-class hotel rooms, which number only around 15,641 in Metro Manila, as of latest count. The construction of world-class hotels within the Entertainment City complex will boost this number by 72 percent allowing more tourists and gaming enthusiasts, especially from North Asia, to visit the country. Once fully completed, the Entertainment City complex will add more than 5,000 five-star hotel rooms, making it the single biggest concentration of first-class hotel accommodations in the country.


And so it was in 2008 that AGI made a well-thought-out move to participate in a Philippine Amusement and Gaming Corporation (PAGCOR) master-plan to develop a major Las Vegas-style leisure and entertainment complex, aptly named Entertainment City. AGI knew that participating in this major tourism project, the first of its kind in the country, would allow them to set in motion a series of ambitious tourism projects that would help them in their grand design. True enough, PAGCOR gave AGI, through the company’s subsidiary Travellers International Hotel Group (Travellers International), the very first provisional license to participate in the PAGCOR Entertainment City project.


It was then that AGI’s dream of venturing into tourism-related development come into reality with the birth of and Travellers International AGI’s newest tourism business arm. Travellers International is AGI’s joint venture with Genting Hong Kong Limited (formerly known as Star Cruises Limited), a member of the Malaysian Conglomerate Genting Berhad and the world’s third largest cruise line operator.


Now, just around three years since its ambitious plan was conceived, AGI has already proven the naysayers wrong. The Philippines is now steadily on its way to becoming a major tourism force in Asia and the Pacific. Travellers International owns and runs a major project that is currently contributing substantially to local and international tourism- Resorts World Manila. Travellers International had allotted over US$600 million to develop the leisure complex, situated within the 25-hectare Newport City. A flagship project of Travellers International, the 12-hectare Resorts World Manila opened to the public in August 2009. Considered the country’s very first integrated tourism estate, Resorts World Manila has the largest gaming facility in the Philippines that’s housed in three levels, with 300 table games and over 1,800 slot machines.


Resorts World Manila has three fully operational hotels the five-star Marriott Hotel, the six-star Maxims Hotel, the budget-class Remington Hotel and two more hotels that are still under construction- the Belmont Hotel and Savoy Hotel and a world-class shopping center- the Newport Mall. Marriott Hotel was the first international hotel to open in the resort and has 342 rooms, three dining outlets, a ballroom, multiple meeting rooms, a spa, and other amenities. RWM has started to construct the Marriott Grand Ballroom which aims to hold several events at 1 place. This will showcase 4 Ballrooms, and 14 Function Rooms, high end shops, chapel and F&B outlets and it will be operational by 2015. Maxims Hotel, in turn, is the country’s very first six-star, all-suite luxury hotel with 172 lavishly furnished suites. The budget-class Remington Hotel, which caters to middle-class local tourists offers 712 rooms, Belmont Hotel with 480 rooms, and Savoy Hotel with 610 rooms for those who want to stay in Resorts World Manila permanently. Resorts World Manila has started to construct the Marriott Grand Ballroom which aims to hold several events in one place. This will showcase 4 ballrooms, and 14 function rooms, high-end shops, chapel and F&B outlets and it will be operational by 2015. In total, the five hotels are set in full swing to boost AGI’s room inventory in Resorts World Manila to over 2,000 hotel rooms by 2016 when tourist carnivals are expected to hit 6.5 million.


Newport Mall is the focal point of activity of the tourism estate. The luxury, four-level mall houses specialty shops of international clothing and apparel brands and a variety of dining and amusement establishments. The resort also has state-of-the- art cinemas plus a 1,532-seater Newport Performing Arts Theater that serves as the mall’s centerpiece. The theater is equipped with modern stage, sound and lighting equipment and features an elegant vestibule with crystal chandeliers and a spectacular bar designed by Filipino sculptor Impy Pilapil who is known for her iconic glass and stone sculptures.


Barely two years since its opening, the Newport Performing Arts Theater has already showcased some of the finest local and international acts and artists such as David Pomeranz, Lea Salonga, Christian Bautista and Bobby Kim, as well as musicals like The Sound of Music and The King and I. The theater is also a favorite venue for special events like beauty pageants and corporate programs and productions.


With the additional development at Resorts World Manila, AGI expects daily visitors to increase from the current 16,500 to around 30,000 in the next few years. Right now, 90% of Resorts World visitors come from the domestic market with the remainder from neighboring countries in Southeast Asia, China and South Korea.


The success of Resorts World Manila has moved Travellers International to launch a new Resorts World project, this time in Entertainment City. Dubbed Resorts World Bayshore City, this new tourism estate is much larger than its predecessor and will occupy around a third of the 90-hectare PAGCOR Entertainment City.


The 30-hectare Resorts World Bayshore City is envisioned to be a themed tourism estate with around 3,500 hotel rooms and leisure, retail, gaming and entertainment facilities—the kind that Resorts World outlets have come to be famous for. Resorts World Bayshore City is seen to not only promote local and international tourism in the country but to also significantly contribute to the country’s economic development by creating over 100,000 direct and indirect jobs, thereby boosting the country’s employment rate. Travellers International is setting aside at least $1.1 billion for the project with construction expected to commence in the latter part of 2012 and be completed by 2016.


As young as the company is, Travellers International has already done so much to uplift the state of tourism in the country. By amplifying leisure and entertainment in the country to world-class standards, Travellers International has reached out to tourists across the globe with one clear message: it’s more fun in the Philippines.


Indeed, Travellers International’s projects, either by itself or in association with like-minded local and foreign companies, have contributed significantly to enhancing the country’s image in the global tourism arena. In the next few years, we can expect a stronger and more tourist-friendly Philippines.

 

Global-Estate Resorts, Inc.

Barely two years after its acquisition by AGI in 2010, Global-Estate Resorts Inc. (GERI) is already emerging as a powerhouse in the tourism industry. Formerly known as Fil-Estate Land Inc. prior to AGI’s acquisition of a controlling stake in the company, GERI is engaged in real estate development with a project portfolio composed of horizontal residential subdivision lots and residential and commercial complexes; residential communities integrated with golf courses, marinas, resorts, and other leisure-related and commercial complexes; properties associated with resorts; residential, office, and commercial high-rise properties; business and industrial parks; and low-cost housing projects.


In 2011, GERI completed ten of its old subdivision projects with three others nearing completion. These projects cover around 190 hectares of land in Baguio City, Bulacan, Batangas, Laguna and Naga City. GERI also completed during the year the development of its golf course in Forest Hills, Antipolo City, and the rehabilitation of its golf course in Fairways and Bluewater in Boracay.


What AGI is truly excited about nowadays, however, is the ongoing development of GERI’s two major tourism projects: Boracay Newcoast in Boracay and the Twin Lakes resort community near Metro Tagaytay. Together with other AGI subsidiaries, GERI has allotted a total of P20 billion for these two flagship projects which will feature integrated and carefully master-planned layouts that showcase world-class resorts with first-rate facilities and amenities.


Boracay Newcoast will be developed on a huge parcel of land that spans around 14% of Boracay. This is considered the single largest piece of land in the island. The P15- billion Boracay Newcoast is designed to be a leisure-driven community that features four world-class hotels, including one of AGI’s own hotel brand, with a total of 1,500 rooms.


Last year, GERI launched three projects within Boracay Newcoast: Newcoast Village, Boutique Hotel District, and Shophouse District. Moreover, within the sprawling 140-hectare resort will rise Oceanway Residences, the first condominium cluster in Boracay and the latest residentialphase of Boracay Newcoast. Oceanway Residences is strategically situated between two fairway lots of the only golf course in the island. Atop a natural ridge, Oceanway Residences also offers views of Boracay Newcoast’s one kilometer- long white beach, a definite treat for beach lovers.


GERI also launched in April 2012 the Boracay Newcoast Savoy Hotel, a project that is envisioned to redefine the night scene in Boracay. GERI aims to make Savoy Hotel the “Ibiza of Asia” by holding various electronic dance music festivals and concerts in the venue. Also a part of the Savoy Hotel complex is a row of retail establishments with a 400-squaremeter roof deck dance floor that overlooks the pool and bar area.


The Boracay Newcoast project aims to spur Boracay’s long-term tourism growth and help attract at least 350,000 more tourists to Boracay each year.


Aside from the Boracay Newcoast project, GERI is also deep into the development of Twin Lakes, a 1,149-hectare community in Laurel, Batangas, near Metro Tagaytay. The company is investing P5 billion for this project that’s envisioned to be the premiere medical and educational tourism destination in the Philippines.


Twin Lakes is a vineyard resort community, the first of its kind in the country, overlooking Taal Volcano and the Taal Lake. It offers a kind of resort lifestyle that revolvesaround the lush greenery and the year-round cool weather of Tagaytay.


The first phase of the project will feature a hotel and spa, a shopping village, residential villas and condominiums, a chateau and vineyard, and a sports and country club. In turn, the next phases of the project will include a golf course, themed residential communities, international hotels, a plantation estate, botanical gardens, a lake view manor, mountain-inspired lodging and facilities, health and wellness centers, boarding schools and retirement villages complete with modern medical amenities.


Right now, GERI is developing three luxury condominiums in Twin Lakes--Shiraz, Merlot and Chardonnay—all strategically located beside an authentic chateau and vineyard.


A garden-themed exclusive residential village is also currently in the works, aptly named Domaine Le Jardin. Inspired by garden-laden attractions and botanical gardens Domaine Le Jardin is nestled on a 50-hectare patch of land within Twin Lakes and is the first residential community in the country to offer properties with specially built terrace lots.


Aside from offering a new and unique resort experience to Tagaytay visitors, Twin Lakes is designed to revive the former glory of this erstwhile favorite weekend destination. This resort community and the Boracay Newcoast project are expected to raise the standards in the Philippine tourism industry and contribute to the transformation of the country into a major tourist destination in Asia.


Considering the fact that it has only been less than two years since AGI acquired the company, GERI has definitely hit the ground running, so to speak. The company’s two flagship projects are proof that AGI’s integrated tourism arm is bent on making its presence felt in an industry that sorely needs new and exciting players with groundbreaking ideas.


And with the way things are going, it seems that GERI is indeed on its way to becoming a tourism powerhouse not only in the Philippines but in the whole of Southeast Asia as well.