Megaworld’s Suntrust Properties Acquires Stateland
Manila, Philippines—Megaworld, through its wholly-owned subsidiary Suntrust Properties Inc., has acquired Stateland Inc., a 42-year-old real estate company known for building affordable quality homes and well-developed, flood-free communities in South Luzon, particularly in Cavite and Laguna.
This allows Megaworld to expand its raw land portfolio by another 150 hectares and to own additional properties, on top of Stateland’s over 200-hectare existing developments.
Stateland’s latest project—its flagship community— is the Washington Place along Aguinaldo Highway in Dasmariñas, Cavite, which offers around 1,700 modern contemporary housing units in a 40- hectare master planned community.
Stateland’s other horizontal residential projects include the Mediterranean-inspired Villa San Lorenzo (4.34 hectares) in Imus, Cavite; San Francisco Heights (23 hectares), Gran Avila (16.25 hectares) and Casa Laguerta (7.46 hectares) in Calamba, Laguna; English-inspired Chester Place (9.6 hectares) in Dasmariñas, Cavite; North Olympus IV (57 hectares) in Quezon City; the Spanish-inspired Gran Seville (20 hectares) in Cabuyao, Laguna; Avila Heights (10 hectares) in Sto. Tomas, Batangas, and Summercrest Village in Tanza, Cavite.
In the last four decades, Stateland has also built residential and office condominiums in Makati City, Quezon City, San Juan, Mandaluyong, as well as in Binondo, Manila.
The company also built several industrial and farm lot developments in Bulacan, Cavite, and Pasig City.
Stateland has also been one of the most active participants in the government’s shelter programs, pioneering in areas with potential growth and conducive to economic development.