LISTED Megaworld Corp. and subsidiary Global-Estate Resorts, Inc. (GERI) are set to develop an P18-billion sustainable township in Cavite in the next 15 years.
In a statement over the weekend, the listed property developer said that, along with GERI, it would be constructing a 251-hectare township — Arden Botanical Estate — located in the boundary of Trece Martires City and Tanza municipality in Cavite.
The estate is Megaworld’s 25th township development and GERI’s 7th lifestyle and tourism project.
“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,” Megaworld chief strategy officer Kevin Tan said.
Half of the estate — which would be surrounded by natural rivers, organic gardens and tree-lined roads and avenues — is slated for residential developments.
The other half will be allocated for leisure villages, commercial areas, sports and adventure parks, schools and a mixed-use district.