Megaworld to breach 1-M sqm leasable space by end-2016


MEGAWORLD Corp. is on track to breach the target of one million square meters of leasable space portfolio, a company official said.

Kingson Sian, Megaworld executive director, told reporters the goal will be reached at the end of 2016.

“That’s combined… office and retail, as in 1.2 million square meters of space split between office and retail,” Sian said.

The completed office space portfolio will be around 851,000 square meters, while retail space will be around 341,000 square meters.

The target of one million square meters of business process outsourcing (BPO) offices will happen in 2018, Sian said.

The 2018 estimate is a conservative projection as the firm adds more than 100,000 square meters a year.

Its retail space portfolio is expected to reach 500,000 square meters by 2018.


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