MEGAWORLD Lifestyle Malls, the retail arm of Megaworld Corp., will invest about P10 billion to develop recent lifestyle malls and business projects across several townships this 12 months and next, adding greater than 150,000 square meters (sq.m.) of gross floor area to its portfolio.
“Stronger consumer spending continues to drive demand for quality business space, particularly in key growth centers where our townships are positioned. This permits us to expand our leasing portfolio while introducing recent lifestyle concepts that enhance the general value proposition of our developments,” Megaworld Lifestyle Malls Head Graham Coates said in an announcement on Thursday.
The projects include Capital Mall in San Fernando, Pampanga; Northwin Global Concourse in Marilao and Bocaue, Bulacan; Maple Grove Mall in General Trias, Cavite; and The Upper East Mall in Bacolod City.
Capital Mall is a four-level development inside Capital Town Pampanga that honors the heritage of the Pampanga Sugar Development Company (PASUDECO).
Northwin Global Concourse is a two-level retail complex in Northwin Global City connected to the upcoming Northwin Station of the North-South Commuter Railway.
Maple Grove Mall offers a two-level classical modern design with retail and dining spaces, while The Upper East Mall contains a three-level contemporary classic layout inspired by Latest York’s Upper East Side and centers on a preserved century-old Balete tree.
“These ‘curated lifestyle malls’ will serve their respective township communities through enhanced business synergy, providing a broader and more integrated choice of retail, dining, and lifestyle options for future mallgoers and customers,” the corporate said.
Megaworld can also be adding a two-level extension to Festive Walk Mall in Iloilo Business Park, slotted between the present mall and Richmonde Hotel, which can house a Landers Superstore branch.
The corporate targets a million sq.m. of gross leasable area (GLA) by 2030.
Megaworld’s retail expansion is an element of its P65-billion 2026 capital expenditure program, which funds growth in residential, office, hospitality, and retail across townships in Metro Manila and provinces including Bacolod, Iloilo, Pampanga, Cavite, and Palawan.
The corporate currently has over 500,000 sq.m. of GLA, with upcoming mall projects continuing its retail expansion after last 12 months’s rollout.
In 2025, Megaworld Lifestyle Malls opened 4 recent retail developments at McKinley West in Taguig, Alabang West in Las Piñas City, Boracay Newcoast in Aklan, and Vion Tower in Makati, including the two-level Shoppes at Park McKinley West, recent retail spaces at Vion Tower along EDSA corner Chino Roces Ave., expanded areas in Alabang West, and Newcoast Beachwalk in Boracay Newcoast.
The corporate said it also intends to infuse certain mall and retail properties into MREIT, Inc., as it really works toward growing the REIT’s GLA to 1 million sq.m. by 2027.
On the local bourse on Thursday, Megaworld shares rose by 0.44% to shut at P2.30 apiece. — Alexandria Grace C. Magno