up its office portfolio by investing P30-billion in the next five years to build new office
buildings, as well as reinvent, reinvigorate, and reimagine its existing office
developments in its various townships across the Philippines.
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,” says Kevin
L. Tan, president and CEO, Alliance Global Group, the parent company of Megaworld.
Just this year, Megaworld opened office towers in its provincial townships covering
around 60,000 square meters of gross leasable area (GLA). These include Enterprise
One in Iloilo Business Park, No. 1 Upper East in The Upper East Bacolod, and
Pasudeco Tower in Capital Town Pampanga.
Within the year, the company is opening another 50,000 square meters of office
inventory, particularly in Bacolod, Iloilo, and Cebu.
“The new office towers will highlight our continuing thrust towards embracing
sustainability. We have been putting greater emphasis on this aspect of our business.
This is part of our commitment to become more mindful about how we can help protect
and preserve the environment together with our tenant partners,” says Lourdes
Gutierrez-Alfonso, president, Megaworld.
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.
Megaworld has maintained its leadership status in the office market in Bonifacio Global
City (BGC) with close to 900,000 square meters of office space in the entire district
alone. pr
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