Tuesday 24 April
Powered by Ajaxy
Apr 11, 2016 @ 8:47

Tan’s Megaworld boosting retail footprint amid strong demand for office space

 

MEGAWORLD CORP. is boosting its retail footprint that will take advantage of the strong demand for office space within its townships across the country, while brushing aside concerns of a slowdown in the residential sector.

The property conglomerate of billionaire Andrew L. Tan will launch an average of 60,000 to 70,000 square meters (sqm) of retail space every year until 2019, Megaword Senior Vice-President Jericho S. Go told reporters last week.

By 2020, Megaword’s lifestyle malls will have a total gross floor area of 1.4 million sqm with their contribution to rental income seen increasing to as much as 50%.

Tags: , , ,

Related Stories
Megaworld Corp. has successfully raised $200 million from the sale of perpetual senior notes.
Andrew Tan-led Megaworld Corp. is looking to offer dollar denominated bonds overseas.
Andrew Tan-led Megaworld Corp. has earmarked P60 billion for its capital spending program this year,
Andrew Tan-led Megaworld Corp. is turning over 2, 300 condo units in its three townships


Read full Article here »

Trending News

Recommended on sister sites

Copyright © 2018 Bilyonaryo - Latest news on the richest Filipinos and Family Business.