Megaworld Corporation

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company

Megaworld Corporation (Template:Pse) is a real-estate company in the Philippines. It is listed on the Philippine Stock Exchange Composite Index.[1]

The six Forbeswood Heights residencial buildings in Bonifacio Global City.
The Forbeswood Parklane residencial building in Bonifacio Global City.

The company develops large-scale, mixed-use, planned communities incorporating residential, commercial, educational, and leisure components. In addition it provides other services such as project design, construction oversight, and property management. Among its landmark projects is Forbes Town Center, a 6-hectare commercial and residential district in Fort Bonifacio, Metro Manila.[1] Another project by Megaworld is the 45-storey Petron Megaplaza office skyscraper, which was the tallest building in the country upon its completion in 1998 and the 50-hectare McKinley Hill which is by far the biggest.[2]

History

Megaworld Properties & Holdings Inc. was founded by Andrew Tan and incorporated under Philippine law on August 24, 1989, primarily aimed at engaging in real estate development, leasing, and marketing. In 1994, it spun off Empire East Land Holdings Inc., which focused on the middle income market. It was converted to a public company on June 15, 1994.[3] On August 19, 1999, the company changed its name to Megaworld Corporation in line with its conversion from a purely real estate company to a holding company, though the company's core focus continues to be on real estate.[1]

Andrew Tan has served as Chairman of the Board and President of the company since its incorporation in 1989.[3]

Controversies

Trademark dispute with Donald Trump

In 2007, Megaworld renamed a high-rise condominium project formerly called "The Trumps" into "One Central" after American real estate magnate Donald Trump threatened legal action over the name, saying the name "Trump" is unmistakably associated with him.[4][5]

Subsidiary

  • Global-Estate Resorts, Inc.

Commercial

  • Strategic Landbank Management
    • Metro Manila - Eastwood City, Newport City, Woodside City, Uptown Bonifacio, McKinley Hill, McKinley West
    • Calabarzon - Southwoods City
    • Visayas - Iloilo Business Park, The Mactan Newtown, The Upper East
    • Mindanao - Davao Park District

References

External links

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