Property giant Megaworld is further ramping up its office portfolio by investing P30 billion in the next five years to build new office buildings in its various townships across the Philippines as it stays on track to reach two million square meters in office spaces by 2030.
These new office developments will soon rise within Megaworld townships in Bulacan, Pampanga, Bacolod, Iloilo, Cebu, Davao, Metro Manila, and other new growth areas where Megaworld townships will be built. All these office developments will be LEED-registered and certified, and packed with sustainability features and several new amenities.
“We are optimistic about the office sector in the Philippines, particularly as more international companies continue to come in, either to establish their presence or expand their operations here. We see a significant spike in demand for office spaces, not just among BPO companies, but even from traditional tenants as well,” said Kevin L. Tan, president and CEO, Alliance Global Group, the parent company of Megaworld, in a disclosure to the Philippine Stock Exchange.
In 2024, Megaworld announced that it aims to have 2,000,000 square meters of gross leasable office space by 2030.
Currently, the company has about 1.6 million square meters of leasable office space in its portfolio, making it the biggest office developer and lessor in the Philippines
