Property Investment

The New Face of Boracay

Boracay Newcoast Properties

Exciting developments for the island of Boracay. It will be recalled in 2011, the Alliance Global Group, Inc. (AGI) of business tycoon Andrew Tan acquired for P5 billion a majority stake in Sobrepeña-led Fil-Estate Land Inc. That same year, AGI relaunched Fil-Estate Land as Global-Estate Resorts Inc. (GERI) to engage in the development of integrated tourism estates. In 2014, GERI was consolidated under Megaworld Corp. when the latter acquired AGI’s stake in GERI.

According to information from the PSE website, GERI has a diversified portfolio of integrated projects.