{"id":332024,"date":"2025-03-28T00:28:54","date_gmt":"2025-03-27T16:28:54","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=332024"},"modified":"2025-03-28T00:28:59","modified_gmt":"2025-03-27T16:28:59","slug":"trade-the-news-meg-to-invest-p30b-in-office-expansion","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/trade-the-news-meg-to-invest-p30b-in-office-expansion\/","title":{"rendered":"Trade the News: MEG to invest P30B in office expansion"},"content":{"rendered":"\n
Potential Impact of this News<\/strong><\/td>POSITIVE on the stock price<\/strong><\/td><\/tr>
Company<\/strong><\/td>Megaworld Corp.<\/td><\/tr>
Stock Code<\/strong><\/td>MEG<\/td><\/tr>
Long-term Recommendation on the Stock<\/strong><\/td>Hold<\/td><\/tr>
1-Year Target Price<\/strong><\/td>PHP 2.39<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
<\/div>\n\n\n\n

Megaworld Corp. plans to invest P30 billion over the next five years to expand its office portfolio and enhance its existing properties nationwide.<\/p>\n\n\n\n

\u201cWe are optimistic about the office sector in the Philippines, particularly as more international companies continue to enter the market, either to establish their presence or expand their operations here,\u201d Alliance Global Group President and Chief Executive Officer Kevin L. Tan said in a regulatory filing on Monday. Alliance Global is the parent company of Megaworld.<\/p>\n\n\n\n

Megaworld said the investment will fund office developments within its townships in Bulacan, Pampanga, Bacolod, Iloilo, Cebu, Davao, Metro Manila, and other planned township locations.<\/p>\n\n\n\n

These office developments will be Leadership in Energy and Environmental Design (LEED)-registered and certified, featuring sustainable design and modern amenities.<\/p>\n\n\n\n

\u201cWe see a significant increase in demand for office spaces, not just from BPO (business process outsourcing) companies but also from traditional corporate tenants,\u201d Mr. Tan said.<\/p>\n\n\n\n

Megaworld said part of the investment will be allocated for the redevelopment and renovation of existing office properties.<\/p>\n\n\n\n

\u201cThe new office towers will highlight our ongoing commitment to sustainability. We have been placing greater emphasis on this aspect of our business,\u201d said Megaworld President Lourdes Gutierrez-Alfonso.<\/p>\n\n\n\n

As of 2025, Megaworld has opened office towers in its provincial townships, adding approximately 60,000 square meters of gross leasable area (GLA). These include Enterprise One in Iloilo Business Park, No. 1 Upper East in The Upper East Bacolod, and Pasudeco Tower in Capital Town Pampanga.<\/p>\n\n\n\n

For this year, Megaworld plans to add another 50,000 square meters of office space in Bacolod, Iloilo, and Cebu.<\/p>\n\n\n\n

Last year, Megaworld said it aims to reach two million square meters of gross leasable office space by 2030.<\/p>\n\n\n\n

Currently, the company has 1.6 million square meters of leasable office space in its portfolio.<\/p>\n\n\n\n

In 2024, Megaworld\u2019s attributable net income rose by 11.7% to P21.67 billion, driven by revenue growth in its residential business.<\/p>\n\n\n\n

The company attributed its 2024 performance to the continued expansion of its core businesses, particularly in real estate, leasing, and hospitality.<\/p>\n\n\n\n

Total revenue increased by 17.2% to P81.69 billion from P69.73 billion in 2023, primarily driven by real estate sales.<\/p>\n\n\n\n

(News Source: Business World<\/a>)<\/em><\/p>\n\n\n\n

<\/div>\n\n\n\n

This report is prepared by PinoyInvestor\u2019s partner broker below. Find out more about our partner brokers<\/a> and sign up to avail their complete trading brokerage services.<\/em><\/em><\/em><\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Take advantage of the price opportunity that might arise when the news hits. Trade the news!<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1371],"tags":[],"class_list":["post-332024","post","type-post","status-publish","format-standard","hentry","category-trade-the-news","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"_links":{"self":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/332024","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/comments?post=332024"}],"version-history":[{"count":1,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/332024\/revisions"}],"predecessor-version":[{"id":332026,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/332024\/revisions\/332026"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=332024"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=332024"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=332024"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}