Megaworld sets up new office leasing unit

MANILA, Philippines — Property giant Megaworld Corp. is rolling out a new office leasing group to further bolster its status as the biggest office developer and lessor in the country.

The new group, which will be called Megaworld Global Offices, will collaborate with Megaworld’s existing office leasing group, Megaworld Premier Offices, to accelerate the growth of the company’s office portfolio.

Bullish on the growth of the country’s office sector, Megaworld is targeting to have two million square meters of leasable office space in its portfolio.

Last year, it announced a P30-billion spending plan over the next five years to build new office buildings as well as reinvent its existing office developments in its various townships across the country.

Megaworld is gearing up for office expansion in key growth areas like the Ilocos Region, Pampanga, Cavite, Bacolod and Cagayan de Oro.

The company is also looking into attracting more Fortune 500 multinational companies, including startup firms, to be part of its growing portfolio that now reached almost 200 companies.

Megaworld said these companies are mostly located in key townships that turned into some of the country’s biggest cyberparks such as Eastwood City, Uptown Bonifacio, McKinley Hill, McKinley West and Iloilo Business Park.

“We continue to see strong demand for office spaces in the country, even with the rapid emergence of artificial intelligence and other new technologies. These digital advancements continue to fuel substantial growth among many industries and create significant opportunities for finance, IT and health care professionals,” Megaworld president and CEO Lourdes Gutierrez-Alfonso said.

As the country’s largest office developer, Megaworld has over 1.6 million square meters across almost 90 towers nationwide.

Its office developments serve as hubs for more than 200,000 employees, primarily from the BPO and corporate sectors.

Megaworld townships have also become a preferred address of some of the world’s most respected corporations, including Fortune 500 companies such as Google, Coca-Cola, Wells Fargo, IBM and Accenture, among others.

Megaworld Global Offices will be led by Francisco Roxas, an industry veteran whose career spans over 30 years of experience in real estate development and property management.

An alumnus of the Asian Institute of Management with a Master’s Degree in Business Administration, Roxas brings a wealth of hands-on executive experience to the new office leasing group.