Megaworld Corporation, one of the biggest property companies in the Philippines, announced that it completely filled up 24 office buildings across the country during the first three months of 2026. Think of it like a landlord who managed to rent out all the rooms in 24 different apartment buildings – except these are large office towers where companies work.
According to the company’s press release filed with the Securities and Exchange Commission on June 8, 2026, these office buildings are located in different cities: Metro Manila, Pampanga, Iloilo, Cebu, and Davao. Together, these buildings provide about 430,000 square meters of office space – that’s roughly the size of 60 football fields! Around 80,000 people now work in these buildings, mostly in technology and business services companies.
Where Are These Office Buildings?
The fully leased office towers are spread across Megaworld’s “townships” – these are large areas that the company develops to include offices, homes, shopping centers, and other facilities all in one place. Some of the buildings include:
- One Paseo at ArcoVia City in Pasig
- International Finance Center and Worldwide Plaza at Uptown Bonifacio in Taguig City
- Multiple towers at McKinley Hill and McKinley West in Taguig
- Clark Cityfront Tower 1 in Pampanga
- Several towers at Iloilo Business Park in Iloilo City
- Office buildings at The Mactan Newtown in Cebu
- Davao Finance Center in Davao City
Why Companies Want to Rent These Offices
Francisco Roxas, who heads Megaworld Global Offices, explained that companies like renting in their townships because everything is in one place. Workers can find restaurants, shops, homes, hotels, and transportation nearby – not just an office building in the middle of nowhere. This makes it easier for companies to keep their employees happy and helps the business grow.
Many famous international companies rent these spaces, including JPMorganChase, Coca-Cola, Reckitt and Mead Johnson, and Wells Fargo – these are called Fortune 500 companies, meaning they’re among the biggest and most successful companies in the world.
Megaworld’s Strong Performance in Office Leasing
A company called CBRE Philippines, which tracks the office rental market, reported that Megaworld was the number one office developer for lease transactions in the first quarter of 2026. This means more companies chose to rent from Megaworld than from any other property developer during that period. CBRE also named Megaworld as the best-performing office developer for the past three years.
The report also showed that in Iloilo City alone, Megaworld owns 61% of all office buildings – that means more than half of all office spaces in that city belong to Megaworld.
Financial Performance in First Quarter 2026
During the first quarter of 2026, Megaworld earned P3.8 billion from renting out office spaces. The company also leased almost 100,000 square meters of office space to business process outsourcing (BPO) firms and multinational companies. BPO companies are businesses that handle tasks like customer service or technical support for other companies.
Additionally, Megaworld secured almost 80% of the office lease renewals that were due this year, meaning companies that were already renting decided to continue renting from them.
Future Plans and Company Background
Megaworld is working on completing more office buildings this year in Northwin Global City (Bulacan), The Upper East (Bacolod), and Davao Park District (Davao City). These new buildings will add another 51,000 square meters of office space to what Megaworld already offers.
The company is celebrating its 37th year in the Philippine real estate industry this June 2026. Megaworld currently operates 37 townships across the Philippines, covering more than 7,000 hectares of land in Luzon, Visayas, and Mindanao.
According to the press release, Megaworld is now:
- One of the Philippines’ biggest property companies with over 800 residential developments
- The largest office landlord with over 1.7 million square meters of office space
- The largest hotel operator in the Philippines based on the number of room keys
About Megaworld Corporation: Megaworld trades on the Philippine Stock Exchange under the stock symbol MEG. As of the filing date, the company has 32,429,882,872 common shares and 6,000,000,000 preferred shares outstanding.
Source Note:This article is based on the company’s official press release and disclosures filed with the Philippine Stock Exchange’s Electronic Disclosure Generation Technology (PSE EDGE) system. For the complete and official version of the announcement, readers may visit the PSE EDGE website and search for the company’s filing directly.
