7 months GERI aims to double recurring profit to P1.4 B MB |Biz
By James A. Loyola Global-Estate Resorts, Inc. (GERI), Megaworld Corporation’s subsidiary that develops tourism estates and integrated lifestyle communities, expects to more than double its recurring income to P1.4 billion this year from P651 million in 2018. In a statement, the firm said its combined income from rental and hotel operations is seen to surge as it ramps up its leasing and hotel portfolio across its developments all over the country. Main contributors to GERI’s growth in rental income will come from Southwoods Office Towers as well as from the new rental properties that the company will open this ... more