Megaworld Lifestyle Malls, the retail arm of Megaworld Corp., is set to invest around P10 billion to develop new lifestyle malls and commercial projects across key provincial townships over the next two years. The expansion will add more than 150,000 square meters (sq.m.) of gross floor area (GFA) to its growing portfolio.The investment aims to capitalize on rising consumer spending in major growth centers. “Stronger consumer spending continues to drive demand for quality commercial space, particularly in key growth centers where our townships are located,” said Megaworld Lifestyle Malls Head Graham Coates. He added that the company’s expansion will strengthen its leasing portfolio while introducing new lifestyle concepts to enhance the value of its developments.
The investment aims to capitalize on rising consumer spending in major growth centers.
“Stronger consumer spending continues to drive demand for quality commercial space, particularly in key growth centers where our townships are located,” said Megaworld Lifestyle Malls Head Graham Coates.
He added that the company’s expansion will strengthen its leasing portfolio while introducing new lifestyle concepts to enhance the value of its developments.
Among the upcoming projects are 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 will be a four-level development inside Capital Town Pampanga, paying tribute to the heritage of the Pampanga Sugar Development Company (PASUDECO). Northwin Global Concourse, a two-level retail complex in Northwin Global City, will be directly connected to the future Northwin Station of the North-South Commuter Railway.
Meanwhile, Maple Grove Mall will feature a two-level classical modern design offering curated retail and dining spaces. The Upper East Mall in Bacolod will showcase a three-level contemporary classic design inspired by New York’s Upper East Side, highlighted by a preserved century-old Balete tree at its center.
The company described these developments as “curated lifestyle malls” designed to create stronger commercial synergy within their respective townships, offering integrated retail, dining, and lifestyle options for residents and visitors.
Megaworld is also expanding Festive Walk Mall in Iloilo Business Park with a two-level extension that will accommodate a branch of Landers Superstore.
The retail expansion forms part of Megaworld’s P65-billion capital expenditure program for 2026, covering residential, office, hospitality, and retail developments across Metro Manila and key provincial hubs including Bacolod, Iloilo, Pampanga, Cavite, and Palawan.
Currently, the company has over 500,000 sq.m. of gross leasable area (GLA) and is targeting one million sq.m. by 2030. It also plans to infuse select mall and retail properties into MREIT, Inc. as part of efforts to grow the REIT’s GLA to one million sq.m. by 2027.
Shares of Megaworld rose 0.44% to P2.30 apiece at the close of trading on Thursday. #END
News Source: BUSINESS WORLD
Photo credit: MAPLE GROVE in General Trias, Cavite — MEGAWORLD CORP.