Tuesday, June 22, 2021

Andrew Tan strengthens rental portfolio, to add 21 new office, commercial buildings

Megaworld Corp. is beefing up its rental inventory with the construction of 15 office buildings, five lifestyle malls and a new hotel in Mactan, Cebu.

“These are all big-ticket projects that we want to pursue as we look forward to full recovery in our economy, and the return of consumer confidence to normalcy,” said Kevin Tan, chief strategy officer at Megaworld.

The new office projects will rise in Uptown Bonifacio and McKinley West in Taguig City, Arcovia City in Pasig City, Iloilo Business Park in Iloilo City, The Upper East in Bacolod City, Capital Town in Pampanga, The Mactan Newtown in Cebu, and Davao Park District in Davao City.

The five malls include The Upper East and Northill Gateway in Bacolod, Capital Town in Pampanga, Maple Grove in Cavite, Highland City in Rizal.

Tan said these new developments, located across Megaworld’s 11 townships in the country, would further expand the group’s rental income portfolio.

Megaworld chairman and CEO Andrew L. Tan said the company is ready to seize opportunities on new consumer demands.

“We have numerous opportunities to explore in our growth pipeline, and we are prepared to take them on. We foresee continued robust demand for horizontal developments, and leisure and tourism estates, as people look for havens for rest and rejuvenation.

Demand for warehouses and logistics hubs should also increase, and we believe that our townships can easily cater to this need given their strategic locations,” the Megaworld founder said.

 SOURCE: Bilyonaryo

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