The story
Founded by Andrew Tan in 1989.1
Megaworld Properties & Holdings Inc. was founded by Andrew Tan and incorporated under Philippine law on August 24, 1989, primarily aimed at engaging in real estate development, leasing, and marketing.
In 1994, it spun off Empire East Land Holdings Inc., which focused on the middle income market. It was converted to a public company on July 15, 1994.
On August 19, 1999, the company changed its name to Megaworld Corporation in line with its conversion from a purely real estate company to a holding company, though the company's core focus continues to be on real estate.
In 2013, the company gained full acquisition of Suntrust Properties.
Andrew Tan has served as Chairman of the Board and President of the company since its incorporation in 1989.
Megaworld renewed its congressional franchise for another 25 years on June 26, 2014, one day after celebrating their silver anniversary. Under Philippine law, this real estate development company will operate with franchise from Philippine congress, an authority that limits and regulates development and operations of condominiums, hotels and shopping centers.
In July 2024, Megaworld named Lourdes T. Gutierrez-Alfonso as President and CEO. Fortune magazine listed her as 85th of 100 Most Powerful Women in Asia.
From Wikipedia’s article on Megaworld, shared under CC BY-SA 4.0.4
