Megaworld

Megaworld Corp., a leading Philippine real estate developer, recently sold P1.17 billion worth of MREIT shares and plans significant investments in new townships and resorts across the country. The company is also expanding into ultra-luxury residential properties to cater to high-end buyers and complement its existing portfolio. Additionally, Megaworld is partnering with Accor to rebrand hotels and testing drone delivery services with Grab to enhance logistics operations.

This is an AI-generated summary based on recent coverage.
Last updated at August 4, 2025.

Recent stories about Megaworld

Mall operators offer shelter, free parking, WiFi during rains

Major mall operators in the Philippines continue to provide shelter and free overnight parking to residents affected by heavy rains caused by the Southwest monsoon on Monday, July 21, and Tuesday, July 22.
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Megaworld invests P5B to develop Nascala Coast in Nasugbu

Global-Estate Resorts Inc., a subsidiary of Megaworld Corp., plans to invest P5 billion over five years to develop Nascala Coast, a new tourism estate in Nasugbu, Batangas.
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Megaworld partners with Accor to rebrand hotels

Property giant Megaworld is partnering with Accor, a global hotel management company, to enhance its hotel portfolio.
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Grab tests drone deliveries with Megaworld, DOTr, DICT

Superapp Grab has launched a pilot test of drone-powered delivery services in Metro Manila alongside Megaworld Corp., the Department of Transportation (DOTr), and the Department of Information and Communications Technology (DICT) to evaluate how the technology can enhance logistics operations.
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Megaworld launches ultra luxury residential brand

Megaworld Corp., known for its township developments and lifestyle malls, is launching an ultra luxury residential brand in response to shifting consumer demand.
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Megaworld starts P2.5B Eastwood City redevelopment

Megaworld Corporation has commenced a P2.5 billion redevelopment of its 18.5-hectare Eastwood City township to enhance commercial and lifestyle offerings.
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MREIT appoints Kevin Tan as chair, Jose Batac as president and CEO

MREIT Inc., the real estate investment trust subsidiary of developer Megaworld Corp., has appointed Kevin Tan as its new chair and Jose Batac as president and CEO, effective June 1.
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AGI reports 66% Q1 earnings growth, excluding one-time gains still up 14%

Alliance Global Group Inc. (AGI), led by Andrew Tan, reported a significant 66% increase in first quarter earnings with net income reaching P11 billion.
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Megaworld reports P5.83B Q1 net income, up 16%

Megaworld Corp., a property giant owned by tycoon Andrew Tan, reported a net income of P5.83 billion for the first quarter of 2025, marking a 16% year-over-year increase.
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AGI trims 2025 capex to ₱63B, allocates funds for real estate expansion

Alliance Global Group Inc., headed by tycoon Dr. Andrew Tan, plans to reduce its capital expenditures for 2025 to ₱63 billion, a decrease of 7.4% from last year.
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