TAN-LED property developer Megaworld Corp. has launched a brand new leasing group because it seeks to aggressively grow its office portfolio across the country.
The brand new unit, Megaworld Global Offices, will operate alongside the corporate’s existing Megaworld Premier Offices to assist reach its goal of two million square meters of leasable office space, the corporate said in a regulatory filing on Wednesday.
The 2 teams will focus their office expansions in key growth areas, including the Ilocos Region, Pampanga, Cavite, Bacolod, and Cagayan de Oro.
Megaworld Global Offices can be headed by Francisco Ma. D. Roxas, a former executive of Ayala Land, Inc. (ALI), who brings 30 years of experience in real estate development and property management.
He previously served because the chief operating officer of ALI’s unit Ayala Land Offices, and was instrumental in the expansion of the corporate’s portfolio amid the demand for hybrid-friendly and sustainability-led office spaces.
“We proceed to see strong demand for office spaces within the country, even with the rapid emergence of artificial intelligence (AI) and other latest technologies,” Megaworld President and Chief Executive Officer Lourdes T. Gutierrez-Alfonso said.
“These digital advancements proceed to fuel growth across many industries and create opportunities for finance, IT, and healthcare professionals,” she added.
The corporate can be targeting more Fortune 500 multinational firms, including startups, to expand its tenant base of nearly 200 firms.
Most tenants are situated in major townships which have evolved into cyberparks, resembling Eastwood City in Quezon City; Uptown Bonifacio, McKinley Hill, and McKinley West in Taguig City; and Iloilo Business Park.
Megaworld currently operates about 1.6 million square meters of office space across 90 towers nationwide, hosting around 200,000 employees, primarily from the business process outsourcing and company sectors.
Its tenants include global firms resembling Google LLC, The Coca-Cola Company, Wells Fargo & Company, IBM, Accenture plc, and JPMorgan Chase & Co.
The corporate has also been incorporating sustainability features in its properties, with 32 office buildings nationwide certified or registered under the Leadership in Energy and Environmental Design (LEED) program.
In the primary nine months of 2025, Megaworld’s attributable net income surged by 16% P15.93 billion, driven by high rental income and sales.
On the Philippine Stock Exchange, Megaworld’s shares closed flat at P2.21 each on Wednesday. — Beatriz Marie D. Cruz