{"id":332922,"date":"2025-06-18T23:52:14","date_gmt":"2025-06-18T15:52:14","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=332922"},"modified":"2025-06-18T23:52:16","modified_gmt":"2025-06-18T15:52:16","slug":"trade-the-news-megs-eastwood-city-to-undergo-p2-5-billion-facelift","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/trade-the-news-megs-eastwood-city-to-undergo-p2-5-billion-facelift\/","title":{"rendered":"Trade the News: MEG’s Eastwood City to undergo P2.5-Billion facelift"},"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 2.61<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
<\/div>\n\n\n\n

Megaworld Corp. (MEG) will spend P2.5 billion to redevelop its first township project to catch up with emerging trends and \u201cfuture-proof\u201d existing buildings.<\/p>\n\n\n\n

In a stock exchange filing on Wednesday, the Andrew Tan-led developer said it had begun revamping the 28-year-old Eastwood City in Quezon City.<\/p>\n\n\n\n

\u201cWe are not only preserving its legacy but also reinventing it into a township of the future\u2014setting an even higher standard for integrated urban living,\u201d Megaworld president Lourdes Gutierrez-Alfonso said in a disclosure.<\/p>\n\n\n\n

Among the changes lined up for the 18.5-hectare township project include enhancements in the commercial areas and lifestyle malls such as Eastwood Citywalk, Eastwood Mall and Eastwood Mall Open Park.<\/p>\n\n\n\n

The redevelopment also includes the phased refurbishment of office towers, beginning with the renovation of IBM Plaza.<\/p>\n\n\n\n

According to Megaworld, the lobbies, facilities and amenities of additional office buildings and residential towers are also set for renovation.<\/p>\n\n\n\n

These are all in addition to the ongoing enhancement of Eastwood Richmonde Hotel and the completion of Eastwood Mall\u2019s refreshed interiors, upgraded cinemas and added tenants.<\/p>\n\n\n\n

As for the township\u2019s parks and open spaces, Megaworld said they would introduce \u201cpopular dining and lifestyle brands\u201d like Harlan + Holden, SaladStop!, Matcha Tokyo and Jamba Juice.<\/p>\n\n\n\n

\u201cEastwood City holds a special place in our history as Megaworld\u2019s very first township, and this redevelopment reflects our commitment to keeping it vibrant, relevant and future-ready,\u201d Alfonso said.<\/p>\n\n\n\n

Launched in 1997, Eastwood City houses several global and multinational companies. Its properties include 23 residential condominium towers, 11 office buildings and three lifestyle malls.<\/p>\n\n\n\n

Eastwood\u2019s facelift also comes at a time when consumers are seeking new and enhanced experiences at retail spaces.<\/p>\n\n\n\n

In an earlier report, real estate broker Colliers Philippines pointed out that developers were pursuing redesign projects to introduce new concepts and become \u201cmore experiential,\u201d as demand for \u201cmore immersive\u201d offerings inside malls increases.<\/p>\n\n\n\n

(News Source: Philippine Daily Inquirer<\/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-332922","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\/332922","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=332922"}],"version-history":[{"count":1,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/332922\/revisions"}],"predecessor-version":[{"id":332924,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/332922\/revisions\/332924"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=332922"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=332922"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=332922"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}