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Richmond Mercurio - The Philippine Star
June 9, 2026 | 12:00am
Megaworld said the fully leased office developments are located in Metro Manila, Cebu, Iloilo, Pampanga and Davao, covering around 430,000 square meters of leasable inventory.
Philstar.com / Irra Lising
MANILA, Philippines — Property giant Megaworld Corp. is enjoying strong demand across its office portfolio, as the company was able to fully lease 24 office towers across its townships in the first quarter.
Megaworld said the fully leased office developments are located in Metro Manila, Cebu, Iloilo, Pampanga and Davao, covering around 430,000 square meters of leasable inventory.
It said these office buildings are now home to around 80,000 workers in the IT-BPM sector and corporate offices.
“Demand for strategic office locations within our townships continues to be strong as more companies recognize the long-term advantages of operating within integrated developments,” Megaworld Global Offices head Francisco Roxas said.
Roxas said Megaworld’s townships provide a complete business ecosystem where office developments are seamlessly complemented by residential communities, retail and dining destinations, hotels, transport accessibility as well as a variety of lifestyle amenities.
“This creates a more dynamic and sustainable environment that supports business growth, talent retention and long-term expansion,” he said.
Megaworld said the continued leasing momentum comes amid sustained demand from multinational firms, business process outsourcing companies, technology locators, financial institutions and corporate headquarters seeking highly accessible and future-ready workspaces.
During the January to March period, Megaworld delivered P3.8 billion in office leasing revenues, with almost 100,000 square meters of office spaces being leased to BPO firms and multinational companies.
It said almost 80 percent of office leases due for renewal this year was also secured during the quarter.
For 2026, the company is ramping up the completion of its office developments at Northwin Global City in Marilao-Bocaue, Bulacan; The Upper East in Bacolodand Davao Park District in Davao City, which will add another 51,000 sqm. of fresh office space inventory into Megaworld’s portfolio.
