Megaworld to spend P1.2B for two office towers in Bacolod | Bilyonaryo Business News
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Megaworld to spend P1.2B for two office towers in Bacolod

Tycoon Andrew Tan’s property arm Megaworld has officially entered the Bacolod office market with the construction of two buildings catering to the business process outsourcing sector within its 34-hectare lifestyle district in Bacolod.

Tycoon Andrew Tan’s property arm Megaworld has officially entered the Bacolod office market with the construction of two buildings catering to the business process outsourcing sector within its 34-hectare lifestyle district in Bacolod.

The two office developments, estimated to cost around P1.2 billion, will bring fresh inventory of 17,000 square meters of office space when completed in 2022.

“These two new office towers will be Megaworld’s first office developments in Bacolod, and we look forward to bring in new BPO locators to the city. To be operated under our Megaworld Premier Offices brand, these Upper East Avenue towers will showcase the company’s signature state-of-the-art features in office developments – making them the most modern offices to rise in Bacolod City,” said Kevin L. Tan, chief strategy officer of Megaworld.

Featuring Spanish and European architectural design, No. 1 Upper East Avenue and No. 5 Upper East Avenue towers will be registered under the Leadership in Energy and Environmental Design (LEED) program.

Megaworld is the country’s biggest developer and lessor of offices today with over 1.3 million square meters in office rental inventory. Almost 20 percent of the country’s BPO workers are employed in Megaworld office buildings, and this is expected to grow in the next five years as more office developments are being built in the company’s townships.

 
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