GLOBAL Estate Resorts Inc. (GERI), the listed subsidiary of Andrew Tan-­led property giant Megaworld Corp., intends to ramp up commercial projects in the next few years to achieve a P500 ­million recurring income by 2017.

In a press briefing after the GERI’s annual stockholders meeting, Megaworld Senior Vice President Jericho Go said the company is looking at growing its recurring income to P500 million from nearly nothing due to a small retail portfolio in the 1,200­-hectare Twin Lakes township.

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