- Megaworld Corporation
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Megaworld Corporation Type Public Traded as PSE: MEG Industry Real estate Founder(s) Andrew Tan Headquarters The World Centre, Makati City, Philippines Key people Andrew Tan (Chairman) Parent Alliance Global Website www.megaworldcorp.com Megaworld Corporation (PSE: MEG) is a real estate company in the Philippines. It is listed on the Philippine Stock Exchange Composite Index.[1]
The company is primarily engaged in developing large-scale mixed-use planned communities, incorporating residential, commercial, educational, and leisure components. Additionally, it engages in activities 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.[2]
Contents
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]
Megaworld has won several awards for good corporate management. Among its accolades are being named Best-managed Philippine Company by Finance Asia (1999, 2001, 2004 and 2007), Euromoney (2003), and Asiamoney (2007). It was also named Best in Investor Relations by Finance Asia (1999, 2004, 2006, 2007) and Asiamoney (2004, 2007).[4]
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.[5]
Andrew Tan has served as Chairman of the Board and President of the company since its incorporation in 1989.[3]
Projects
Townships
- Eastwood City, Quezon City
- Forbes Town Center, Taguig City
- Manhattan Garden City, Quezon City
- McKinley Hill, Taguig City
- Newport City, Pasay City
- Cityplace Chinatown, Manila
Residential
- One Central, Makati
Office
- The World Centre, Makati
- Petron Megaplaza, Makati
References
- ^ a b c "Megaworld Corporation". Philippine Stock Exchange. http://www.pse.org.ph/html/ListedCompanies/listedcompanyinfo.jsp?compID=127&recCtr=17&srch=M. Retrieved 2009-12-02.
- ^ "Petron Megaplaza, Makati". Emporis. http://www.emporis.com/application/?nav=building&lng=3&id=petronmegaplaza-makati-philippines. Retrieved 2009-12-04.
- ^ a b "Megaworld Annual Report 2008". Megaworld Corporation. http://www.megaworldcorp.com/investor-relations/megaworld-annual-report-2008.pdf. Retrieved 2009-12-02.
- ^ "About us". Megaworld Marketing International. http://www.megaworldinternational.com/about-us.html. Retrieved 2009-12-04.
- ^ Megaworld renames disputed 'The Trumps' after Donald Trump complains
External links
PSE Composite Index companies of PhilippinesAboitiz Equity Venture · Aboitiz Power · ABS-CBN · Alliance Global Group, Inc. · Ayala Corporation · Ayala Land · BDO · BPI · DMCI Holdings · Energy Development Corporation · Filinvest Land · First Gen · First Philippine Holdings · Globe · ICTSI · JG Summit Holdings · Jollibee · Lepanto Consolidated Mining Company · Metrobank · Megaworld · Meralco · Metro Pacific Investments · Manila Water · Philex Mining Corporation · Robinsons Land Corporation · Security Bank · SM Investments · SM Prime · PLDT · Universal Robina
Categories:- Companies listed on the Philippine Stock Exchange
- Real estate companies of the Philippines
- Companies established in 1989
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