Property developer Megaworld Corp is opening more than 30,000 square meters of new premium commercial space to meet rising demand from the country’s growing middle class.
The expansion, led by Megaworld Lifestyle Malls, will include new malls and retail developments in key areas like McKinley West in Taguig, Makati, Alabang West in Las Piñas City, and Boracay Newcoast in Aklan. These developments are scheduled to open this year.
The company said in a stock exchange disclosure on Wednesday that the move is a response to strong demand for premium commercial spaces, particularly within its townships.
“We are growing our leasing business by bringing our signature lifestyle mall concept to more locations while introducing new experiences that resonate with today’s consumers,” said Graham Coates, head of Megaworld Lifestyle Malls.
“This approach allows us to drive sustained growth for Megaworld and, at the same time, enhance the value of our townships nationwide,” said Coates.
Among the new projects is The Shoppes at Park McKinley West, a two-story retail hub at the base of the Park McKinley West condominium in Taguig.
It will feature a mix of international and local brands, including Ogawa Traditional Japanese Restaurant, Tartufo, Royal Indian Curry House, One World Deli, George & Onnie’s, Café 17, Nightshade Cocktails & Bar, Hanamaruken and Yakiniku Sudaku.
Other upcoming retail spaces include a lifestyle mall at Vion Tower in Makati and new commercial areas in Alabang West.
In Boracay, Megaworld will also open Newcoast Beachwalk, which will offer a mix of retail, dining and service options for tourists.
The new retail developments will help Megaworld stay on track to meet its target of one million square meters of gross leasable area by 2030.
Megaworld Lifestyle Malls reported leasing revenues of P3.33 billion in the first half of 2025, a 10-percent increase from the same period last year, driven by strong consumer foot traffic and increasing demand from premium tenants.
The company also expanded its retail space at Lucky Chinatown in Binondo, Manila to 36,000 square meters with the launch of the Imperial Wing.
