- Megaworld Corp. sold residential lots in multiple townships across Cavite, Metro Manila, Ilocos Norte, Palawan, and Quezon City.
- Megaworld Corp. is expanding its township model in key growth areas, including Metro Manila.
Megaworld plans new malls in Pampanga and Cavite; leadership change at Lifestyle Malls
What happened
Megaworld Corporation announced plans to build new lifestyle malls in Pampanga, Cavite, Rizal, and Bacolod City, with construction set to begin between this year and next. The company is targeting 1 million square meters of gross leasable area by 2030. Kevin Tan, president and CEO of Alliance Global Group Inc., introduced Javier Hernandez as the new head of Megaworld Lifestyle Malls.
From philstar.com
Why it matters
Megaworld Corporation is expanding its retail footprint, planning to open new malls and expand existing developments nationwide. This expansion builds on the company's existing portfolio and aims to bring in global brands and new concepts to its townships.
Megaworld Corporation is expanding its township model in key growth areas, including Metro Manila.
From philstar.com
Who's involved
- Megaworld CorporationProperty developer planning retail expansion and new mall construction.
- Javier HernandezAppointed head of Megaworld Lifestyle Malls to lead the expansion.
- Kevin TanPresident and CEO of Alliance Global Group Inc., Megaworld's parent company.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- CaviteSpeculative
Commercial viability and real estate demand in Cavite might be boosted by the new mall construction.
- PampangaSpeculative
Local supply chain and jobs in Pampanga could see an increase due to the new mall construction.
- Megaworld CorporationSpeculative
Overall corporate revenue might increase due to the expansion of Lifestyle Malls.
Keep exploring
The entities involved
-
Megaworld Corporation
real-estate company in the Philippines
Nothing else this week.
-
Philippines
archipelagic country in Southeast Asia
-
Pampanga
province of the Philippines