Megaworld Corporation is a Philippines-based company primarily engaged in the development, leasing and marketing of real estate. The Company mainly develops large-scale mixed-use planned communities, or community townships, that integrate residential, commercial, educational/training, leisure and entertainment components in Metro Manila. The Company’s real estate portfolio includes residential condominium units, subdivision lots and townhouses, as well as office projects and retail space. It has three primary business segments: real estate sales of residential and office developments; leasing of office space, primarily to business process outsourcing (BPO) enterprises, and retail space; and management of hotel operations. In June 2013, Megaworld Corp acquired the remaining 20% in Suntrust Properties Inc. In June 2014, Megaworld Corp raised its interest to 74.957%, by acquiring a 49.2% interest in Global Estate Resorts Inc.