Megaworld Corp. secured nearly 250,000 square meters of office lease transactions in the first nine months of 2026, signaling resilient demand despite a slowing economy and growing uncertainty over the outsourcing industry's future.
French banking giant BNP Paribas is setting up a Philippine hub in Megaworld Corp.'s Uptown Bonifacio, adding another global financial heavyweight to the property developer's growing roster of multinational tenants.
Tycoon Kevin Tan-backed Megaworld Corp. is finding little trouble filling office space despite lingering concerns over new supply, with 24 towers across its township network reaching full occupancy in the first quarter.
SM Prime Holdings Inc. has fully leased out its 10-tower Clark Tech Hub complex, reinforcing how major companies are increasingly shifting operations outside Metro Manila as infrastructure and regional business activity improve.
Ayala Land Offices, Inc. (ALO) said it has finalized a five-year lease agreement with LandBank for office and parking spaces at the Ayala Malls Manila Bay Corporate Center.
Megaworld has pulled off a quiet but consequential coup in the property sector, luring a senior executive from Ayala Land in a move that underscores how serious Andrew Tan’s group is about scaling up its office business outside Metro Manila.
The Philippine office market is showing stronger-than-expected momentum heading into 2026, shrugging off earlier headwinds from POGO exits and global uncertainty.