Megaworld cements position as Philippine’s largest office developer

MANILA, Philippines — Property giant Megaworld Corp. is cementing further its position as the country’s largest office developer and landlord by adding over 51,000 square meters of gross leasable space (GLA) in its portfolio.

The projects include Northwin Global Tower 1 in Bulacan, No. 5 Upper East Avenue in Bacolod City and One Republic Plaza in Davao City.

Megaworld Global Offices head Francis Roxas said the demand for office spaces remains high, particularly outside Metro Manila.

As such, Roxas said the company is strategically capturing the rising demand for regional office developments within its townships in Bulacan, Bacolod and Davao.

In Bulacan, Megaworld has topped off the 11-story Northwin Global Tower 1 within its 85-hectare Northwin Global City, a township positioned as Bulacan’s modern central business district.

Northwin Global Tower 1 offers nearly 20,000 square meters of GLA.

In Bacolod City, Megaworld is in the final stages of preparations for the four-story No. 5 Upper East Avenue, its second office development within its 34-hectare The Upper East township.

Once completed, the development will inject almost 9,000 square meters of new premium office space into the market.

Megaworld is also building the 16-story One Republic Plaza, its second office tower inside the 11-hectare Davao Park District township, which features about 24,000 square meters of office GLA.

One Republic Plaza, which is scheduled for completion in 2028, will be registered for Leadership in Energy and Environmental Design certification, making it Megaworld’s first LEED-registered office building in Mindanao.

Megaworld currently operates almost 90 office towers covering over 1.7 million square meters of office space nationwide.