Mar. 23, 2022


MEGAWORLD Corp. is investing P18 billion in the next 15 years for the development of a new township in Cavite along with leisure and tourism estate unit Global-Estate Resorts, Inc. (GERI).

In a statement issued over the weekend, the listed property developer said the township called Arden Botanical Estate will cover 251 hectares at the boundary of Trece Martires City and the municipality of Tanza in Cavite.

Residential and leisure villages will make up more than half of the project, with the rest of the space allocated to a mixed-use commercial district, sports and adventures parks, and a school.

The township will feature several gardens and natural parks, namely a Flower Park, Flower Tunnel, and a Children’s Garden that aims to showcase the variety of Philippine flora. It will also be surrounded by natural rivers and lotus ponds, among others.

Arden Botanical Estate will also have its own Electric Tram, which can transport passengers from the township’s entrance to the town center and vice versa.

“Arden Botanical Estate is a one-of-a-kind township development, which will be curated to engage and stimulate the senses. We will put design and aesthetics at the forefront, and function and purpose at the backbone of its planning,” Megaworld Chief Strategy Officer Kevin Andrew L. Tan said in a statement.

The township will have a six-lane avenue leading up to a Welcome Pavilion and the Town Center surrounded by commercial areas. It will also have sustainability features, including solar street light, electric shuttles, storm water recycling, permeable pavements for driveways and parking spaces, and organic fertilizers and pesticides for gardens.

Arden Botanical Estate marks the 25th township development under Megaworld’s portfolio, and the seventh under GERI.

This is the second township Megaworld has launched this year, following Highland City in Cainta, Rizal last March. The company earlier said it targets to have 30 townships by 2020, for a total land ownership of more than 6,000 hectares.

The company’s townships are spread out across the country, with nine in Metro Manila, nine in Luzon, six in Visayas, and one in Mindanao.

To support its expansion, Megaworld said it will spend P300 billion in capital expenditures from 2020 to 2024, higher than its P285-billion spending from 2014 to 2019. The company’s capex for this year alone is P65 billion.

Megaworld’s net income attributable to the parent grew 16% to P8.3 billion in the first six months of 2019, after revenues surged 20% to P16.8 billion.

Megaworld is part of tycoon Andrew L. Tan’s holding firm Alliance Global Group, Inc., which also has core interests in liquor, gaming, quick-service restaurants, and infrastructure development.

Original article found on BusinessWorld, written by Arra B. Francia on September 16, 2019

LATEST NEWS FROM US

NEWS AND UPDATES

A photograph of megaworld-to-build-hotel-shopping-district-in-palawan
Mar. 23, 2022 by Megaworld
megaworld-to-build-hotel-shopping-district-in-palawan

Megaworld, the Andrew Tan-led property developer is developing a boutique hotel and shopping district in its P40 billion township in San Vicente, Palawan.

The company expects to generate around...

View News

A photograph of Megaworld plans P6-billion business district in Bulacan
Mar. 23, 2022 by Megaworld
Megaworld plans P6-billion business district in Bulacan

MEGAWORLD Corp. is planning a central business district called the Northwin Main Street, which will be located within its 85-hectare Northwin Global City township in Bulacan.

In an e-mailed sta...

View News

A photograph of Megaworld launches 6th residential development in Iloilo Business Park
Jul. 20, 2020 by Megaworld
Megaworld launches 6th residential development in Iloilo Business Park

The 20-storey The Pinnacle to generate P1.5-billion in residential sales

Property giant Megaworld is expanding its residential portfolio inside its 72-hectare Iloilo Business Park tow...

View News

A photograph of Megaworld to develop P6-B shophouse, commercial district inside Northwin Global City
Feb. 11, 2022 by Megaworld
Megaworld to develop P6-B shophouse, commercial district inside Northwin Global City

The 16-hectare Northwin Main Street will offer prime commercial and shophouse lots surrounded by parks and gardens for businesses, multinational companies Just a month after it announced its 28th tow...

View News

A photograph of Andrew Tan's Megaworld To Invest $797 Million In Palawan Township, Betting On Tourism Rebound
Mar. 23, 2022 by Megaworld
Andrew Tan's Megaworld To Invest $797 Million In Palawan Township, Betting On Tourism Rebound

Megaworld—controlled by billionaire Andrew Tan—said Monday it will invest 40 billion pesos ($797 million) to develop an “eco-tourism township” in the southwestern Philippine island of Palawan,...

View News

A photograph of Megaworld to build new condo tower with first-in-the-city amenities in Bacolod
Jul. 23, 2020 by Megaworld
Megaworld to build new condo tower with first-in-the-city amenities in Bacolod

The 14-storey One Manhattan will be the 3rd residential tower inside The Upper East

Property giant Megaworld is building its third residential condominium inside the 34-hectare The Upper E...

View News

A photograph of Megaworld earmarks P40-B to develop 462-hectare 'Eco-Tourism Township' in Palawan
Feb. 11, 2022 by Megaworld
Megaworld earmarks P40-B to develop 462-hectare 'Eco-Tourism Township' in Palawan

‘Paragua Coastown’ in San Vicente, Palawan will be Megaworld’s 27th township Property giant Megaworld is developing 462 hectares of beachfront and inland properties in San Vicente, Palawan into...

View News

A photograph of Megaworld lines up 21 major projects across the country to further boost rental income portfolio
Feb. 11, 2022 by Megaworld
Megaworld lines up 21 major projects across the country to further boost rental income portfolio

Company to use planned REIT proceeds to finance these projects in 11 townships Following its filing of registration statement for the planned biggest Real Estate Investment Trust (REIT) offering, And...

View News

A photograph of Megaworld to develop P6-B district in Bulacan
Mar. 23, 2022 by Megaworld
Megaworld to develop P6-B district in Bulacan

Property giant Megaworld Corp. is set to develop a P6-billion central business district in its 85-hectare Northwin Global City township in Bulacan.

In a statement, the Andrew Tan-led firm said ...

View News

A photograph of Megaworld builds another high-rise LEED-certified office tower in Uptown Bonifacio
Feb. 11, 2022 by Megaworld
Megaworld builds another high-rise LEED-certified office tower in Uptown Bonifacio

The 24-storey INTERNATIONAL FINANCE CENTER will be Megaworld’s 7th office development in Uptown, bringing its total office stock in the township to 400,000 square meters

Megaworld cont...

View News

A photograph of Reap nature’s gifts and more at Eastland Heights
Mar. 26, 2021 by Megaworld
Reap nature’s gifts and more at Eastland Heights

What were once considered as occasional indulgences have become essentials amid the world’s continuing struggle with the pandemic.

Wellness and nature and their increasingly crucial role...

View News

A photograph of 5 things that will make you want to own a home in McKinley West
Nov. 30, -0001 by Megaworld
5 things that will make you want to own a home in McKinley West

Whether you’re purchasing a unit for immediate rental or flipping, or buying a home where you can settle in the future, McKinley West is the smartest investment choice—a 34.5-hectare community tha...

View News

A photograph of Megaworld launches 5th residential development in Cebu
Jan. 14, 2020 by Megaworld
Megaworld launches 5th residential development in Cebu

The 20-storey The Pearl Global Residences to add 222 residential units in the 30-hectare The Mactan Newtown

Property giant Megaworld is launching its fifth residential development inside...

View News

A photograph of Megaworld to build P1.2-B lifestyle mall in Bacolod
Jun. 13, 2019 by Megaworld
Megaworld to build P1.2-B lifestyle mall in Bacolod

Megaworld, the country’s largest developer of integrated urban townships, is building a three-level lifestyle mall inside its 34-hectare The Upper East township in Bacolod City. Covering a gross fl...

View News

A photograph of Megaworld opens Chinatown Museum in Binondo
Jun. 13, 2019 by Megaworld
Megaworld opens Chinatown Museum in Binondo

Property giant’s second museum project to offer glimpse of glorious past of the ‘World’s Oldest Chinatown’

Township developer Megaworld is opening the country’s first cultural museum ...

View News

A photograph of The mountain, the see, and a rich history
Jan. 31, 2020 by Megaworld
The mountain, the see, and a rich history

The Pearl Global Residences is Megaworld’s newest residential development at The Mactan Newtown. Property giant Megaworld is launching its fifth residential development inside the 30-hectare The Ma...

View News

A photograph of Megaworld to spend P18 billion in next 15 years to develop Cavite township
Mar. 23, 2022 by Megaworld
Megaworld to spend P18 billion in next 15 years to develop Cavite township

MEGAWORLD Corp. is investing P18 billion in the next 15 years for the development of a new township in Cavite along with leisure and tourism estate unit Global-Estate Resorts, Inc. (GERI).

In a...

View News

A photograph of Megaworld to build upscale village in Cavite
Nov. 20, 2019 by Megaworld
Megaworld to build upscale village in Cavite

The 18-hectare Arden Botanical Village to feature natural groves of matured trees, waterways

Property giant Megaworld is building its first upscale residential village inside the 251-hec...

View News

A photograph of Megaworld dominates Iloilo office market with 70% market share
Feb. 11, 2022 by Megaworld
Megaworld dominates Iloilo office market with 70% market share

Company achieves 100% occupancy in its 100,000-square meter PEZA-accredited office spaces in Iloilo Business Park even during the pandemic

Megaworld, the largest office lessor in the cou...

View News