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By Alexei Petrenko Manila, Philippines – Local conglomerate Filinvest Alabang Inc., a subsidiary of Filinvest Development Corp., and Mitsubishi Corporation, one of Japan’s biggest trading companies, are entering a partnership in which they will establish a multi-tower complex with cutting-edge office facilities. The mixed-use development would benefit their employees and

Cavite, Philippines – Township developer Megaworld and its subsidiary Global-Estate Resorts Inc (GERI) are jointly developing the 251-hectare property Arden Botanical Estate located at the boundary of Trece Martires City and the municipality of Tanza in Cavite. Megaworld and GERI are allocating about P18 billion in the next 15 years

Batangas, Philippines–Wilcon Depot, one of the country’s leading home improvement and construction supply retailer, opened its third store in Batangas—55th branch nationwide—last weekend. With over 11,000 square meters of sales area, Wilcon Depot’s new store in Santo Tomas, Batangas follows on the heels of the launch of its store in

Manila, Philippines—ArthaLand Corporation (ALCO), a local developer that champions sustainability in its projects, recently signed an agreement with Mitsubishi Estate Company Ltd. (MEC), one of the largest real estate developers in Japan. The agreement, which is MEC’s first venture in the country, states the 40 percent acquisition in ALCO’s ownership

Manila, Philippines—Megaworld is building its second residential development, the Arcovia Palazzo, in its 12.3-hectare Arcovia City township along C-5 Road in Pasig City. Designed by UK-based architectural firm Broadway Malyan, Arcovia Palazzo will have three residential towers: the 40-story Altea Tower, 45-story Benissa Tower, and 49-story Cantabria Tower. With a

Batangas, Philippines–Real estate developer AboitizLand recently celebrated its 25th anniversary by rolling out its expansion plan for its township LIMA in Lipa, Batangas. LIMA is currently home to major manufacturing companies and international and local retailers. A 49-hectare residential area, The Villages at Lipa, which features designer homes inspired by

Manila, Philippines—Ayala Land Inc. recorded a 12% increase in net income at P15.2 billion in the first six months of 2019. Its total revenues also increased by 4% at P83.2 billion during the period. The hike was driven by the sustained growth of the company’s property development business led by

Manila, Philippines–Property giant Megaworld will open eight new malls, which will total to around 200,000 square meters of retail space, across the country in the next three years. “For the next three years, the Megaworld Lifestyle Malls brand will be seen in key growth areas around the country as we

Manila, Philippines—DMCI Homes has launched Cameron Residences to add to its growing portfolio in Quezon City, the densest city in the country. The 45-story tropical-themed residential tower is located along Mapalad Street, near Roosevelt Avenue. “Quezon City more than ever is shaping up to be a real estate hotspot with

Cagayan de Oro, Philippines—After beating other major real estate players, Cebu Landmasters Inc. (CLI) is now in talks with Xavier University-Ateneo de Cagayan (XU) to transform the latter’s 63.5-hectare “Manresa” property into a premier university town over the next several years. The property is located in uptown Cagayan de Oro