MEG is increasing its investment in The Mactan Newtown from Php20Bil to Php30Bil in the next 5 to 7 years. The development will include 4 hotels, including 2 beachfront hotels, an exclusive beach club and sports facilities. In addition, the company is also adding at least 5 more office towers and currently has 10 luxury condominium towers in the pipeline. Lastly, MEG will be opening the Newtown School of Excellence, an educational institution supervised by the Lasallian Schools Supervision Office by 2016.
Source: MEG
Source: MEG
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