Global Estate Resorts Inc. (GERI), Philippines leading tourism estate developer, posted a net income of Php 200 million for the first half of 2014, up 35% from P147.8 million for the same period in 2013 due to strong real estate sales from in its various tourism estate projects, particularly, BoracayNewcoast, Twin Lakes and Southwoods City; and higher hotel income.
Total Revenues during the first half of 2014 for GERI amounted to P1.4 billion, up 56% from P903 million for the same period in 2013. GERI has posted P6.5 billion in reservation sales in the first half of 2014 which is 30% higher from P5 billion for first half 2013.
“We are confident that we can sustain the growth momentum of GERI for the remainder of the year.” said Atty. Ferdinand Santos, GERI President.
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| Boracay Newcoast |
GERI now has three major developments namely: the BoracayNewcoast and the Twin Lakesresort community near Metro Tagaytay and Southwood City.
The BoracayNewcoast is being developed at a budget of P15 billionon 150 hectares of land that occupies roughly 15% of Boracay. It isconsidered the single largest piece of land in the island.
With its proximity to the world-famous Boracay beaches, BoracayNewcoast is designed to be a leisure-driven community that will helpshore up Boracay’s long-term tourism growth by helping increasetourist arrivals year to year.
Also being developed within BoracayNewcoast are the NewcoastVillage, the Town Center Shophouse District, the Boutique HotelDistrict, the Oceanway Residences, Savoy Hotel Boracay and Belmont Hotel Boracay.
Twin Lakes, GERI’s second flagship project, is a 1,200-hectarecommunity in Laurel, Batangas, just off Metro Tagaytay. Thecompany is initially putting in P5 billion for the development ofthis first-of-a-kind vineyard resort community expected to be thepremiere medical and educational tourism destination in the country.
Twin Lakes has a panoramic view of Taal Volcano and the Taal Lakeand offers a unique resort lifestyle centered on Tagaytay’s beautifulscenery, the fresh greenery and year-round cool weather.One of the major projects within Twin Lakes is the garden-themedDomaine Le Jardin, a 33-hectare residential village whose designwas inspired by the garden-laden scenery of Tagaytay. DomaineLe Jardin is the first residential community in the country to offerproperties with specially built terrace areas.
The other major development within Twin Lakes is The VineyardResidences, a cluster of residential towers located in a 69-hectaremixed-use complex aptly called the Vineyard.
GERI’s third major development is Southwoods City, a 561-hectare property in the boundary of Carmona, Cavite and Binan, Laguna into a fully-integrated master-planned township development. SouthwoodsCity, is positioned to be the next residential, business, commercial and leisure hub that is closest and most accessible to Metro Manila. It has set an initial capex of P10 billion for the next 10 years to develop Southwoods City.
Southwoods City will be Global-Estate’s largest fully integrated township to rise in southern Metro Manila, adjoining the provinces of Cavite and Laguna. Easily accessible through the South Luzon Expressway, Southwoods City is 20 minutes away from Makati CBD.
As a mixed-use development, Southwoods City will add the “golf” component to the LIVE-WORK-PLAY-LEARN lifestyle concept as the 125-hectare Jack Nicklaus-designed Manila Southwoods Golf and Country Club is located right at the heart of the township.
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| Upcoming Santa Barbara Heights in Iloilo near the International Airport |
Southwoods City will also feature a central business district, commercial and retail stores, malls, schools, church, a cyberpark, a medical facility, open parks, leisure facilities, a weekend market, and its own transport hub.
Soon to rise in the township’s cyberpark are state-of-the-art environment-friendly office towers that will support the growing demand of office spaces especially in the business process outsourcing (BPO) sector.
Within Southwoods City, the company is introducing Pahara, a 26-hectare sprawling residential village, which consists of 602 available lots ranging from 239 square meters to 523 square meters on hilly terrains with spectacular views of the golf course and the Laguna de Bay.
This residential village will feature Mediterranean-inspired architectural theme with its own exclusive amenities such as a clubhouse, swimming pool, function halls, children’s playground, an outdoor circuit gym, jogging paths, landscaped parks, as well as green open spaces.
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