Megaworld reinforces leadership in Iloilo office market

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May 8, 2026 | 12:00am

MANILA, Philippines — Property giant Megaworld Corp. is expanding its office development offerings in Iloilo Business Park with its office-for-sale concept through the 19-story International Corporate Plaza (ICP).

ICP, which has a sales value of P2.5 billion, offers more than 300 office units ideal for tenants like law offices, medical clinics and design studios looking to have their own office space and establish their footprint in Western Visayas.

Megaworld said that since its launch in 2024, ICP has seen significant investor confidence, with about 65 percent of the building   already sold and property values appreciating by around 43 percent to approximately P231,000 per square meter.

ICP offers an exclusive array of managed facilities located on the sixth level that tenants can use, including executive boardrooms and meeting rooms, co-working spaces with dedicated breakout areas, its own executive lounge as well as a sky garden.

Megaworld said ICP complements the company’s huge office-for-lease portfolio in Iloilo and reinforces its commitment to helping shape the nation by driving inclusive and sustainable economic growth in the provinces.

It likewise helps continue transforming Iloilo Business Park into a premier global business destination.

“We have been catering to top local and multinational BPO tenants through our offices for lease for years, but we also recognize the strong demand from smaller businesses and investors who want their own office space and enjoy exclusive amenities within an integrated township where everything they need is within reach,” Megaworld Global Offices head Francis Roxas said.

Megaworld has been in reinforcing its leadership in Western Visayas, with the company taking nearly half of the market share in Iloilo’s office sector.

Citing data gathered from Colliers International, Megaworld said it holds 48 percent market share in Iloilo’s office sector, fueled primarily by the sustained demand within its 72-hectare Iloilo Business Park township.

Megaworld currently hosts 13 office developments with a combined total gross leasable area of over 205,000 square meters within the Iloilo Business Park.

The company said these office spaces generate approximately 20,000 direct jobs from BPO and traditional companies, creating an additional 80,000 indirect jobs across the transportation, retail and service sectors.