Megaworld

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 July 15, 1994.{{cite web |url=http://www.megaworldcorp.com/investor-relations/megaworld-annual-report-2008.pdf |title=Megaworld Annual Report 2008 |publisher=Megaworld Corporation |access-date=December 2, 2009}}

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.

In 2013, the company gained full acquisition of Suntrust Properties.[https://www.philstar.com/business/2013/06/11/952482/megaworld-secures-full-ownership-suntrust-properties] Megaworld secures full ownership of Suntrust Properties, Philippine Star June 11, 2013. Retrieved August 19, 2019

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

Megaworld renewed its congressional franchise for another 25 years on June 26, 2014, one day after celebrating their silver anniversary. Under Philippine law, this real estate development company will operate with franchise from Philippine congress, an authority that limits and regulates development and operations of condominiums, hotels and shopping centers.

In July 2024, Megaworld named Lourdes T. Gutierrez-Alfonso as President and CEO. Fortune magazine listed her as 85th of 100 Most Powerful Women in Asia.{{cite news |last1=Sy Cua |first1= Aric John |title=Megaworld exec among Most Powerful Women in Asia|url=https://www.manilatimes.net/2024/10/09/news/national/megaworld-exec-among-most-powerful-women-in-asia/1981194 |accessdate=October 9, 2024 |work=The Manila Times |date=October 9, 2024}}

The Megaworld Corporation has numerous development throughout the Philippines, ranging from malls (Megaworld Lifestyle Malls), offices, townships, [https://www.megaworldhotels.com/ hotels, resorts], gaming services and residential developments. It also owns companies such as the Megaworld Lifestyle Malls (in retail developments), the Megaworld Prime RFO (targeting the upper middle income and high income markets), the Empire East Land Holdings Inc., and the Suntrust Properties Inc. (both targeting the middle-income market)

In Metro Manila:

• Alabang West - a 62 hectare commercial and residential development in Las Piñas located near Alabang.
• Arcovia City - a 12.3-hectare (30-acre) mixued-use riverside township in Pasig.
• Eastwood City
• Forbes Town Center
• Grand Westside Hotel - a 1,530 rooms hotel complex under construction{{cite news |last1=Purnell |first1=Kristofer |date=26 July 2023 |title=Philippines' 'biggest hotel' to open by end of 2023 |url=https://www.philstar.com/lifestyle/travel-and-tourism/2023/07/26/2283729/philippines-biggest-hotel-open-end-2023 |access-date=13 September 2023 |work=The Philippine Star}}{{cite news |last1= |first1= |date=April 7, 2024 |title=Megaworld milestone: Kevin Tan thrilled to open the biggest hotel in PH |url=https://bilyonaryo.com/2024/04/07/megaworld-milestone-kevin-tan-thrilled-to-open-the-biggest-hotel-in-ph/property/ |accessdate=April 8, 2024 |publisher=bilyonaryo.com}}
• McKinley Hill - a {{convert|50|ha|acre|abbr=}} mixed use development, inspired by Spanish and Italian Architecture, housing retail, offices, residential developments, including the famed Venice Grand Canal, Taguig and embassies from the United Arab Emirates, Qatar, United Kingdom, and South Korea.
• McKinley West- a {{convert|34.5|ha|acre}} mixed use development in Taguig
• Newport City - a {{convert|25|ha|acre|abbr=}} development located near Ninoy Aquino International Airport in Pasay. The development includes the Resorts World Manila, hotels, prime offices, and retail and entertainment spaces.
• Uptown Bonifacio - a {{convert|15|ha|acre|abbr=}} development in the Bonifacio Global City, it also houses the Uptown Complex and the Alliance Global Group Headquarters.
• Westside City - a {{convert|31|ha|acre}}, P121 Billion development in Entertainment City consisting retail, residential spaces, and gaming, including the Westside City Resorts World Complex.

In Luzon:

• Capital Town - a {{convert|35.6|ha|acre}} development in San Fernando, Pampanga, standing in a land formerly owned by the Pampanga Sugar Development Company (PASUDECO) featuring the 17-story Saint-Marcel Residences, with 361 "smart home" units - Chelsea Parkplace condominium named after Chelsea, New York{{cite news |last1= |first1= |title=Megaworld expands residential portfolio in Pampanga with new Parisian-inspired 'smart condo' in Capital Town|url= https://www.manilatimes.net/2024/10/22/business/real-estate-and-property/megaworld-expands-residential-portfolio-in-pampanga-with-new-parisian-inspired-smart-condo-in-capital-town/1988468|accessdate=October 22, 2024 |work =The Manila Times |date=October 22, 2024}}
• Highland City - a {{convert|24|ha|acre}} development in Cainta, Rizal. It is also located In Barangay, Manggahan, Pasig City.
• Ilocandia Coastown - a 84 hectares (207 acres) development in Laoag, Ilocos Norte. It is located adjacent to the Fort Ilocandia Hotel with a 1.40-kilometer beach line, along with an area of sand dunes. It is set to have residential developments, a shophouse district, commercial district, and its own town center.{{Cite web |title=Megaworld to spend P15B for 84-hectare township in Ilocos Norte {{!}} GMA News Online |url=https://www.gmanetwork.com/news/money/companies/923610/megaworld-to-spend-p15b-for-84-hectare-township-in-ilocos-norte/story/?amp |access-date=2024-10-14 |website=www.gmanetwork.com}}{{Cite web |title=Megaworld allots P15 billion for Ilocos beachside township |url=https://mb.com.ph/2024/10/13/megaworld-allots-p15-b-for-ilocos-beachside-township |access-date=2024-10-14 |website=Manila Bulletin |language=en}}
• Maple Grove - a {{convert|140|ha|acre}} mixed use development in General Trias.
• San Benito Private Estate - a 25-hectare integrated active wellness township in joint venture with The Farm at San Benito group in Lipa, Batangas.{{cite news |last1=Cabuenas |first1=John |date=August 5, 2024 |title=Megaworld to build P12-billion township in Batangas with The Farm at San Benito operator |url=https://www.gmanetwork.com/news/money/companies/915978/megaworld-to-build-p12-billion-township-in-batangas-with-the-farm-at-san-benito-operator/story/ |accessdate=August 7, 2024 |publisher=GMA Integrated News}}
• Southwoods City - a {{convert|561|ha|acre}} mixed use development in Biñan, Laguna, consisting retail, residential developments, schools, a church, a cyberpark, a medical facility, open spaces, leisure facilities including a Golf course, and a own transport hub.

In Visayas:

• Boracay Newcoast- a {{convert|150|ha|acre}} mixed use leisure and residential resort development in Boracay Island.
• Iloilo Business Park- a {{convert|72|ha|acre}} development in Iloilo City.
• The Mactan Newtown - a {{convert|30|ha|acre}} development in Lapu-Lapu, Cebu.
• The Upper East - a {{convert|34|ha|acre}} joint- venture development in Bacolod. Standing on a former sugar-processing complex owned by the Araneta Group.

In Mindanao:

• Davao Park District - an {{convert|11|ha|acre}} development in Davao City. It is to be classified as iTownship, it will integrate digital technology, design innovations and connectivity into the entire development.{{Cite web |title=Megaworld Corporation {{!}} Megaworld To Develop Davao Park District Into Smart Township |url=https://www.megaworldcorp.com/megaworld-to-develop-davao-park-district-into-smart-township |access-date=2024-10-14 |website=www.megaworldcorp.com |language=en}}{{Cite web |title=Megaworld Corporation {{!}} Megaworld to Build More Office Towers in Davao Park District |url=https://www.megaworldcorp.com/megaworld-to-build-more-office-towers-in-davao-park-district#:~:text=Property%20giant's%20Davao%20City%20township,in%20addition%20to%20the%20P1. |access-date=2024-10-14 |website=www.megaworldcorp.com |language=en}}

===Offices===

• The Alliance Global Tower - in Uptown Bonifacio.
• Torre Caleido in Madrid, Spain
• The Petron Megaplaza in Makati CBD
• The World Centre

===Residential===

• Two Central and Three Central towers
• Manhattan Gardens - an 18-tower joint venture residential development with the Araneta Group, occupying {{convert|5.7|ha|acre|abbr=}} in the Araneta City.

In 2007, Megaworld renamed a high-rise condominium project formerly called "The Trumps" into "One Central" after American business magnate and eventual 45th President of the United States Donald Trump, who threatened legal action over the name, saying the name "Trump" was unmistakably associated with him.{{cite news|title=Trump vs Trump: RP real estate firm takes on the Donald|url=http://www.philstar.com/news-feature/32157/trump-vs-trump-rp-real-estate-firm-takes-donald|access-date=August 28, 2015|publisher=The Philippine Star|date=December 8, 2008}}{{cite news|title=Megaworld loses Trump brand case|url=http://www.bworldonline.com/content.php?section=3&title=Megaworld-loses-Trump-brand-case&id=52183|archive-url=https://web.archive.org/web/20150923195556/http://www.bworldonline.com/content.php?section=3&title=Megaworld-loses-Trump-brand-case&id=52183|url-status=dead|archive-date=September 23, 2015|access-date=August 28, 2015|publisher=BusinessWorld|date=May 22, 2012}}

On November 14, 2023, the Quezon City Regional Trial Court issued a court order to freeze Megaworld's assets in relation to projects involving Datem Inc., a construction company in the Philippines.{{Cite web |last=Lozada |first=Chito |date=2023-11-20 |title=Court: Megaworld ‘defrauded’ Datem |url=https://tribune.net.ph/2023/11/court-megaworld-defrauded-datem/ |access-date=2023-11-22 |website=Daily Tribune |language=en-US}} Datem alleged that Megaworld "failed to fulfill its obligation to Megaworld in completing the projects that have been assigned to them."{{Cite web |last=Gonzales |first=Iris |title=Megaworld denies fraud allegations |url=https://www.philstar.com/business/2023/11/18/2312246/megaworld-denies-fraud-allegations |access-date=2023-11-22 |website=Philstar.com}}

In response, Megaworld announced that it will file criminal and civil cases against Datem. Megaworld denied the allegations, decried that the freeze order was absurd because Datem's claims only accounts for 0.2% of Megaworld's assets, and claimed that it "has not evaded any substantial claim for payments from Datem."{{Cite web |last=CEDadiantiTyClea |date=2023-11-21 |title=DATEM says legal case won’t disrupt operations |url=https://www.bworldonline.com/corporate/2023/11/22/558982/datem-says-legal-case-wont-disrupt-operations/ |access-date=2023-11-22 |website=BusinessWorld Online |language=en-US}}{{Cite web |date=2023-11-17 |title=Ridiculous and absurd: Kevin Tan says Datem’s P873 million claim only accounts for 0.2% of Megaworld’s assets |url=https://bilyonaryo.com/2023/11/17/ridiculous-and-absurd-kevin-tan-says-datems-p873-million-claim-only-accounts-for-0-2-of-megaworlds-assets/business/ |access-date=2023-11-22 |website=bilyonaryo.com |language=en-US}}

{{Reflist}}

• {{commonscat-inline|Megaworld Corporation (Quezon City)}}
• {{Official website|http://www.megaworldcorp.com}}

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Category:Alliance Global Group

Category:Real estate companies of the Philippines

Category:Real estate companies established in 1989

Category:Companies listed on the Philippine Stock Exchange

Category:Companies based in Bonifacio Global City