Andrew Tan-led Global Estate Resorts, Inc. has assumed the 260-hectare Mountain Meadows project located at Upper Gusa, Cagayan de Oro City.
Formerly called Alliance Global Group Inc., (AGI) Global Estate Resorts, Inc. acquired a large stake in Fil-Estate Land, Inc. (FELI) in December 2010. LINK. FELI is the developer of Mountain Meadows Subdivision. Civil works were already completed several years ago but the firm encountered property issues which eventually stalled the project.
With property tycoon Tan at the helm, the realization of Mountain Meadows as a mixed use township development could be finally fulfilled. Still, we need to wait for further updates on this.
See my old post HERE.
Tan’s AGI is a group composed of Megaworld Corp., Emperador Distillers and Golden Arches Devt. Corp. (local franchisee of McDonald’s)
Visit their website HERE.