Suntrust Properties, Inc. (SPI) is a 100% wholly-owned subsidiary of Megaworld Corporation, a company under the umbrella of the Alliance Global Inc.
Since its inception on November 14, 1997, SPI has created numerous self-sustaining residential communities in Dasmariñas, Gen. Trias, and Silang, Cavite. The company also has condominium development projects located at the very heart of Manila. From the time of its incorporation it has led the way in providing affordable homes and master-planned communities to the Filipino market. Combining well-thought-out designs which focus on space-saving and functionality features, delivering a high standard of comfort and style customized to the needs of low-to-moderate-income Filipino families, making it today’s developer of choice
About the Chairman
Ranked as the 3rd richest Filipino by Forbes Asia in 2015, Mr. Tan is also the country’s most dynamic billionaire. His holding company, Alliance Global Inc. (AGI), is one of thePhilippines’ largest conglomerates, with interests in the food and beverage industry, real estate development and quick service restaurants. Through its subsidiaries, associates and other investments, the company operates a diversified range of businesses in thePhilippinesthat focus on developing products and services that cater to the growing Philippine middle class. Following are some of AGI’s affiliate companies:
Megaworld Corporation – a high-end property developer which offers residential projects catering to the upper class.
Consolidated Distillers of the Far East – a conglomerate engaged in diverse operations such as manufacturing, marketing & distribution, importation, quick service restaurants, and real estate development.
Empire EastLand Holdings – a company with a portfolio of successful projects in the middle-income housing segment Eastwood Properties Holdings – builder of the mega-community, the Eastwood City
McDonalds – 49% of the common shares of Golden Arches Development Corporation (the company overseeing the operations of McDonald’s restaurants in thePhilippines), is owned by AGI
Richmonde Hotel – the initial venture of the company into the hospitality industry
Marriot Hotel – a first-class, full service international hotel, majority-owned subsidiary by the company
Global Estate Resorts Inc. or GERI (Formerly Fil-Estate Land, Inc.) – In the last of weeks of Dec. 2010, AGI acquired 60% ownership of Fil-Estate Land, Inc., a company engaged primarily in the horizontal development of residential subdivision lots; integrated residential, golf and other leisure-related properties; and vertical development of mixed-use towers in Metro Manila. This acquisition allowed AGI to take control of the company and develop 1,000 hectares of prime properties (which are mostly tourism-oriented communities in the country’s premier spots in Tagaytay, Nasugbu, and Boracay).