Megaworld to Open Eight New Malls in The Next 3 Years
Manila, Philippines–Property giant Megaworld will open eight new malls, which will total to around 200,000 square meters of retail space, across the country in the next three years.
“For the next three years, the Megaworld Lifestyle Malls brand will be seen in key growth areas around the country as we continue to tap opportunities for our retail partners to further expand and grow their brands with us,” says Kevin Tan, Megaworld chief strategy officer.
The company is allocating around P10-billion for these new malls.
Of note, each new mall will have a distinct character and vibe. “We veer away from standardizing our malls. We study and curate them based on what its location is all about. We want each mall to have its own charm and identity–something that makes each one ‘endemic’ to the city where it is located,” explains Tan.
Among the malls that will open in the next two years are the Maple Grove Mall in General Trias, Cavite, which will be a greenhouse-inspired mall surrounded with gardens and trees–complementing the “green” vibe of Megaworld’s Maple Grove township, and the Northill Town Center at Northill Gateway, Bacolod City, which will showcase a “hacienda-style” town center.
To date, Megaworld has 17 lifestyle malls across the Philippines and a total retail space portfolio of around 710,000 square meters.
Its flagship malls include Eastwood Mall in Quezon City; Uptown Mall, Venice Grand Canal, and Forbes Town in Taguig City; Newport Mall at Resorts World Manila in Pasay City; Lucky Chinatown in Binondo, Manila; Southwoods Mall in Biñan, Laguna, and Festive Walk Mall in Iloilo City.