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GERI to spend P5B for township project

MEGAWORLD subsidiary Global-Estate Resorts Inc. (GERI) is investing an initial P5 billion to develop a 150-hectare beachside property in Lian, Batangas, over the next 10 years.

Lialto Beach and Golf Estates is poised to become the Megaworld Group's 32nd township development in the country, GERI said over the weekend.