Andrew Tan buys into Stateland
Suntrust Properties Inc., a wholly-owned subsidiary of Megaworld Corp. has acquired 42-year old property firm Stateland Inc., further expanding its reach in South Luzon.
The purchase of Stateland boosts Mwegaworld’s land portfolio by 150 hectares.
A builder of affordable quality homes and well-developed communities in Cavite and Laguna, Suntrust has also built residential and office condominiums in Makati City, Quezon City, San Juan, Mandaluyong as well as in Binondom, Manila.
“Our goal is to further expand our developments in CALABARZON area where the growth prospects are great. Stateland’s existing properties in nearby provinces of Cavite and Laguna are impressive, and we are more than excited for the opportunities to develop them,” said Suntrust president Harrison Paltongan.
Stateland’s latest project is Washington Place which offers 1,700 modern contemporary housing units in a 40-hectare masterplanned community along Aguinaldo Highway in Dasmariñas, Cavite.
Among other horizontal residential projects of Stateland include the Mediterranean-inspired Villa San Lorenzo (4.34 hectares) in Imus, Cavite; San Francisco Heights (23 hectares), Gran Avila (16.25 hectares) and Casa Laguerta (7.46 hectares) in Calamba, Laguna; English-inspired Chester Place (9.6 hectares) in Dasmariñas, Cavite; North Olympus IV (57 hectares) in Quezon City; the Spanish- inspired Gran Seville (20 hectares) in Cabuyao, Laguna; Avila Heights (10 hectares) in Sto. Tomas, Batangas; and Summercrest Village in Tanza, Cavite.