Megaworld launches new office leasing arm

Property developer Megaworld Corp. is expanding its office portfolio with the launch of a new leasing group, Megaworld Global Offices, to accelerate its expansion to 2 million square meters of leasable office space.

The company informed the stock exchange on Wednesday that the new group will work alongside Megaworld Premier Offices to accelerate the company’s office development across key growth areas, including Ilocos Region, Pampanga, Cavite, Bacolod, and Cagayan de Oro.

“We continue to see strong demand for office spaces in the country, even with the rapid emergence of artificial intelligence (AI) and other new technologies. 

These digital advancements continue to fuel substantial growth among many industries and create significant opportunities for finance, IT, and healthcare professionals,” Megaworld President and CEO Lourdes T. Gutierrez-Alfonso said.

Megaworld Global Offices will be led by Francisco Roxas, an industry veteran with over 30 years in real estate development and property management, about half in executive leadership roles. 

An AIM alumnus with a Master’s in Business Administration, Roxas brings both academic and hands-on experience to the role.

Megaworld has over 1.6 million square meters across almost 90 towers nationwide, accommodating more than 200,000 employees, mainly from the BPO and corporate sectors. Its townships host top global companies, including Google, Coca-Cola, Wells Fargo, IBM, and Accenture.

Megaworld further cemented its industry leadership with the country’s largest single office lease transaction, developing JPMorgan Chase & Co.’s Philippine global service center in Uptown Bonifacio. 

Today, JPMorgan operates out of two LEED-certified Megaworld towers totaling 150,000 square meters. The company now has over 32 green, LEED-certified and registered office buildings nationwide.