Megaworld to spend P10B for mall business

Megaworld's Mega Move Investing P10 Billion in New Malls Across the Country

Megaworld Corporation, a leading property developer in the Philippines, has announced a significant investment plan for its retail arm, Megaworld Lifestyle Malls. The company plans to invest around P10 billion in new lifestyle malls and commercial developments across the country, aiming to reach a gross leasable area (GLA) of one million square meters by 2030.

The Logic Behind Megaworld's Investment

Megaworld's retail arm is driven by consumer spending patterns. With stronger consumer spending continuing to drive demand for quality commercial space, particularly in key growth centers where their townships are located, the company has decided to invest P10 billion in new lifestyle malls and commercial developments.

This massive investment will support the construction of new lifestyle malls and commercial developments in key growth centers such as Pampanga, Bulacan, Cavite, and Bacolod. The projects include

Capital Mall in San Fernando, Pampanga, a four-level mall inspired by the heritage of the Pampanga Sugar Development Company (Pasudeco).
Northwin Global Concourse in Marilao and Bocaue, Bulacan, a two-level retail complex connected to the future North-South Commuter Railway.
Maple Grove Mall in General Trias, Cavite, a two-level retail development featuring a mix of classical and modern design.
The Upper East Mall in Bacolod City, inspired by New York's Upper East Side, with a century-old Balete tree preserved as the focal point.

Why Megaworld is Investing Big

According to Graham Coates, head of lifestyle malls at Megaworld, the company is investing big because it sees strong potential for growth in key markets. By expanding its leasing portfolio and introducing new lifestyle concepts that enhance the overall value proposition of their developments, Megaworld aims to drive growth and profitability.

The Impact on Megaworld's Business

This massive investment is part of Megaworld's P65-billion capital expenditure program for 2026, which also supports the continued growth of its residential, office, and hospitality offerings across Metro Manila and key provincial townships. With a current retail inventory of over 500,000 square meters of GLA, Megaworld is poised to further expand its presence in the market.

The Future of Retail

As Megaworld continues to grow its retail business, it also plans to inject select mall and retail assets into MREIT, Inc. by 2027, aiming to reach a GLA portfolio of one million square meters by then. This strategic move will further strengthen Megaworld's position as a leading property developer in the Philippines.

Conclusion

Megaworld's P10-billion investment in new malls is a testament to its commitment to growth and expansion. With a focus on quality commercial space and innovative lifestyle concepts, the company is well-positioned to continue driving success in the retail industry. As Megaworld continues to evolve and adapt to changing market trends, it remains an attractive option for investors seeking stable returns and long-term growth opportunities.

Key Takeaways

Megaworld plans to invest P10 billion in new lifestyle malls and commercial developments across the country.
The investment aims to reach a gross leasable area (GLA) of one million square meters by 2030.
The company will focus on key growth centers such as Pampanga, Bulacan, Cavite, and Bacolod.
Megaworld's retail expansion is part of its P65-billion capital expenditure program for 2026.

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Edward Lance Arellano Lorilla

CEO / Co-Founder

Enjoy the little things in life. For one day, you may look back and realize they were the big things. Many of life's failures are people who did not realize how close they were to success when they gave up.