The pipeline adds more than 150,000 square meters of gross floor area across Pampanga, Bulacan, Cavite, Bacolod, and Iloilo, including Capital Mall, Northwin Global Concourse, Maple Grove Mall, The Upper East Mall, and an expansion of Festive Walk Mall.
Consumer demand
“Stronger consumer spending continues to drive demand for quality commercial space, particularly in key growth centers where our townships are located. This allows us to expand our leasing portfolio while introducing new lifestyle concepts that enhance the overall value proposition of our developments,” said Graham Coates, head of Megaworld Lifestyle Malls.
The projects are part of Megaworld’s P65 billion capital expenditure program for 2026 covering residential, office, hospitality, and retail developments nationwide.
Leasing, REIT pipeline
Megaworld currently operates over 500,000 square meters of retail gross leasable area, with the new malls forming the next phase of expansion after multiple openings in 2025 across Taguig, Las Piñas, Makati, and Boracay.
Selected retail assets are planned for injection into MREIT Inc. to grow the real estate investment trust’s portfolio to one million square meters of gross leasable area by 2027.
—Edited by Miguel R. Camus
