TAN-LED Property developer Megaworld Corp has launched a new leasing group as it looks to aggressively grow its office portfolio across the country.
The new unit, Megaworld Global Office, will work alongside the company's existing Megaworld Premier Offices to help reach its target of two million square meters of leasable office space, the company said in a regulatory filing on Wednesday.
Both teams will focus on their office expansion in key growth areas, including Ilocos Region, Pampanga, Cavite, Bacolod and Cagayan de Oro.
The Megaworld global office will be led by Francisco Ma. D. Roxas, Ayala Land, Inc. (ALI) with over 30 years of experience in real estate development and property management.
He previously served as Chief Operating Officer of ALI's unit Ayala Land Office, and was instrumental in the development of the company's portfolio amid demand for hybrid-friendly and sustainability-based office spaces.
“Despite the rapid emergence of artificial intelligence (AI) and other new technologies, we are seeing strong demand for office spaces in the country,” said Lourdes T. Gutierrez-Alfonso, President and CEO of Megaworld.
“These digital advancements are fueling growth across many industries and creating opportunities for finance, IT and health care professionals,” he said.
The company is also targeting more Fortune 500 multinationals including startups to expand its tenant base to around 200 companies.
Most tenants are located in major townships that have been developed into cyberparks, such as Eastwood City in Quezon City; Uptown Bonifacio, McKinley Hill and McKinley West in Taguig City; and Iloilo Business Park.
Megaworld currently operates approximately 1.6 million square meters of office space in 90 towers across the country, employing approximately 200,000 employees, primarily from the business process outsourcing and corporate sectors.
Its tenants include global companies such as Google LLC, The Coca-Cola Company, Wells Fargo & Company, IBM, Accenture PLC and JPMorgan Chase & Co.
The company is also incorporating sustainability features into its properties, with 32 office buildings nationwide certified or registered under the Leadership in Energy and Environmental Design (LEED) program.
In the first nine months of 2025, Megaworld's attributable net income increased by 16% to P15.93 billion due to higher rental income and sales.
At the Philippine Stock Exchange, Megaworld shares closed flat at P2.21 on Wednesday. — Beatriz Marie D. Cruz