Festive Walk Mall bags ‘Outstanding Retail Development’ in 2018 Property and Real Estate Excellence Awards
Megaworld’s Festive Walk Mall in Iloilo Business Park, touted as ‘Iloilo’s Most Beautiful Mall’, bagged a Silver Award for Outstanding Retail Development at the 2018 Property and Real Estate Excellence Awards by the International Real Estate Federation (FIABCI-Philippines).
 |
| In photo: Lourdes Gutierrez-Alfonso, chief operating officer, Megaworld, (2nd from left) and Tefel Pesigan-Valentino, vice president for business development and marketing, Megaworld Lifestyle Malls (2nd from right). |
Aside from Festive Walk Mall’s award, the company also won nine other awards during the gala night, including the first-ever Hall of Fame for 'Outstanding Developer of the Year' after being named the best developer for three straight years since 2015.
Megaworld chairman, Dr. Andrew L. Tan, also received the first-ever Hall of Fame for 'Property Man of the Year,' while the company's subsidiary Global-Estate Resorts, Inc. (GERI), developer of Boracay Newcoast, was awarded this year's 'Developer of the Year.'
Selecting the right development company for mega projects requires careful consideration of a wide range of factors, as mega projects are often complex and involve significant investments of time, money, and resources. Here are some key selection points to consider when choosing a development company for mega projects:
ReplyDeleteExperience and Track Record: Look for a development company with a proven track record of success in managing large-scale projects. Consider the company's experience with similar types of projects and their ability to handle complex logistical, technical, and financial challenges.
Expertise: Consider the company's expertise in the specific type of mega project you are planning. Mega projects can include infrastructure projects, urban development, mixed-use developments, and more. Look for a company with specialized knowledge and experience in the type of project you are undertaking.
Financial Stability: Mega projects require significant financial resources, and it's important to choose a development company with a strong financial standing and a solid track record of managing finances. Consider the company's ability to secure financing and manage budgets effectively.
Project Management: Mega projects require effective project management skills, including the ability to manage complex timelines, coordinate with multiple stakeholders, and ensure adherence to strict regulatory requirements. Look for a development company with a track record of effective project management and the ability to manage risks and contingencies effectively.
Sustainability: Mega projects have significant environmental and social impacts, and it's important to choose a development company that is committed to sustainable development practices. Consider the company's approach to sustainability and their ability to incorporate sustainable practices into the project design and management.
Partnerships: Mega projects often require collaboration with a wide range of partners, including government agencies, community groups, investors, and other stakeholders. Look for a development company with strong partnerships and a track record of effective collaboration.
Innovation: Mega projects often involve cutting-edge technologies and innovative design solutions. Consider the development company's ability to incorporate innovative approaches into the project design and execution.
By considering these selection points, you can choose a development company that has the expertise, resources, and commitment to ensure the success of your mega project.