Megaworld ramps up regional office expansion with new Bulacan, Bacolod, Davao towers
Top township developer Megaworld Corp. of tycoon Andrew Tan is ramping up the regional expansion of its office portfolio with the construction of three new buildings in its Bulacan, Bacolod, and Davao townships to add 53,000 square meters (sqm) of gross leasable space to its portfolio.
These projects include Northwin Global Tower 1, Megaworld’s first office development inside Northwin Global City in Bulacan province; No. 5 Upper East Avenue at The Upper East in Bacolod City; and One Republic Plaza at Davao Park District in Davao City.
“Demand for office spaces remains high, particularly outside Metro Manila. We are strategically capturing this rising demand for regional office developments within our townships in Bulacan, Bacolod, and Davao,” said Megaworld Global Offices Head Francis D. Roxas.
He added, “This focus on other key provincial markets helps ensure that businesses continue to enjoy the right environment to grow nationwide within integrated, self-sustaining communities.”
In Bulacan, a high-growth corridor expected to benefit significantly from major infrastructure projects such as the New Manila International Airport (NMIA), Megaworld has formally topped off the 11-story Northwin Global Tower 1 within its 85-hectare (ha) Northwin Global City, a township positioned as Bulacan’s modern central business district (CBD).
Prominently located along the southbound lane of the North Luzon Expressway (NLEX), Northwin Global Tower 1 offers nearly 20,000 sqm of gross leasable area (GLA).
Built with sustainable features, the new office tower is poised to become the first Leadership in Energy and Environmental Design (LEED)-certified building in this part of Bulacan and is expected to generate thousands of jobs for Bulakeños.
In Bacolod City, Negros Occidental province, Megaworld is in the final stages of preparations for the four-story No. 5 Upper East Avenue, its second office development within its 34-ha The Upper East township.
Once completed, this new development will inject almost 9,000 sqm of new premium office space into the market and is expected to generate approximately 10,000 new jobs, particularly in the information technology and business process management (IT-BPM) sector.
Strategically located along the township’s main avenue and across No. 1 Upper East Avenue and The Kingsford, this new office development will showcase Megaworld’s signature state-of-the-art features in office buildings and will also be registered as a LEED-certified development.
It will have basement and ground-floor parking and utilize several sustainability features, such as roof gardens, LED lighting in common areas, dual-flush technology for toilets, and double-glazed windows for heat insulation and energy efficiency.
In Davao City, which boasts one of the country’s lowest office vacancy rates outside Metro Manila, according to Colliers International, Megaworld is building the 16-story One Republic Plaza, its second office tower inside the 11-ha Davao Park District township, which features about 24,000 sqm of office GLA.
Scheduled for completion in 2028, One Republic Plaza will be registered for LEED certification, making it Megaworld’s first LEED-registered office building in Mindanao region.
The office tower will feature state-of-the-art, energy-efficient technologies throughout its common areas and facilities, including its own rainwater harvesting and treatment facility for water conservation and reuse.
It will also have over 350 basement and ground-level parking spaces, including provisions for electric vehicles (EV), for the convenience of its future tenants and employees.- James A. Loyola