Megaworld, GERI allot P18b for Cavite project

Megaworld Corp., the biggest lessor of office spaces, and its subsidiary Global-Estate Resorts Inc., are spending P18 billion over a 15-year period to jointly develop a 251-hectare property at the boundary of Trece Martires City and the municipality of Tanza in Cavite province.

Megaworld said in a statement over the weekend Arden Botanical Estate would be a mixed-se development offering several residential and leisure villages, commercial areas, sports and adventure parks and a mixed-use district.

“Arden Botanical Estate is a one-of-a-kind township development, which will be curated to engage and stimulate the senses. We will put design and aesthetics at the forefront, and function and purpose at the backbone of its planning,” said Megaworld chief strategy officer Kevin Tan. 

From the township’s entrance along Governor’s Drive in Tanza, Cavite, a six-lane avenue leads to the Welcome Pavilion and the Town Center, which will be surrounded by arcaded and alfresco commercial areas.

Topics: Megaworld Corp. , Global-Estate Resorts Inc. , Cavite project
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