Megaworld s office leasing up 12% despite restrictions
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Megaworld books 415,000 sqm leases despite pandemic
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BusinessWorld
August 5, 2021 | 12:06 am
ANDREW L. Tan’s listed property firm Megaworld Corp. posted a 39% growth in net attributable income to P2.6 billion in the second quarter compared with last year’s P1.9 billion on the back of improved performance across its office leasing business, and its retail and hospitality arm.
“We attribute the steady recovery of our businesses to our ability to identify opportunities amidst the pandemic, as we continue to focus our efforts to create products and services that meet the evolving needs of our customers,” Kevin Andrew L. Tan, chief strategy officer of Megaworld, said in a statement on Wednesday.
Published July 12, 2021, 2:18 PM
Even in the midst of a pandemic, destinations outside of Metro Manila remain brimming with economic potential.
This is the outlook shared by the country’s largest office developer and landlord, Megaworld Corporation, as the company looks to expand its office portfolio further in its provincial townships in the next five years.
Iloilo Business Park now dominates the Iloilo office leasing market as it hosts to top BPO and multinational firms in nine completed office towers.
Currently, Megaworld has over 70 office buildings, most of which are PEZA-accredited developments, scattered around some of the country’s most bustling destinations.