Megaworld to add over 30,000 sqm of retail space this year

Property developer Megaworld is expanding its retail leasing business by adding over 30,000 square meters of new retail space this year through its subsidiary, Megaworld Lifestyle Malls.

Upcoming projects include The Shoppes at Park McKinley West in Taguig, a lifestyle mall at the Vion Tower in Makati, another mall in Las Piñas City's Alabang West, and the Newcoast Beachwalk in Aklan.

The Shoppes at Park McKinley West will feature international retailers, first-in-the-Philippines concepts, and local dining and lifestyle brands such as Ogawa Traditional Japanese Restaurant and Tartufo.

Megaworld aims to reach one million square meters of gross leasable area by 2030 with these strategic expansions.

Earlier this year, the company added 36,000 sq.m. of GLA at Lucky Chinatown with the opening of its Imperial Wing.

Additionally, Megaworld began the P2.5-billion redevelopment of its 18.5-hectare Eastwood City township in June.