Megaworld eyes 1M sqm of office space by yearend
Megaworld Corp. said it was on track to be the first real estate firm to hit one million square meters of office space by the end of the year.
The company’s current office inventory stands at 888,500 sqm and another 111,500 sqm of fresh office in Mckinley Hill, Southwoods City, Davao Park District and Iloilo Business Park are expected to be completed by yearend
“There is no reason to slow down our office developments. The demand for office spaces in our townships continues to grow and we will continue to build in order to meet our clients’ growing requirements,” said Megaworld SVP Jericho Go.
Go said Megaworld sees growth in traditional offices, as well as back office and support offices, and facilities providers for online gaming operators.
To date, around 80,000 sqm of the company’s total office stock has been leased to Philippine Online Gaming Operators (POGO) that need work spaces for their back office and support operations such as IT and technical support, customer service and financial services.
Megaworld has built around 50 office towers in Eastwood City in Quezon City, McKinley Hill, Uptown Bonifacio, Southwoods City in Laguna, Newport City in Pasay City, The Mactan Newtown in Cebu, Iloilo Business Park in Iloilo City, and within the Makati Central Business District (CBD).