Megaworld to pour P10B into new township malls
Megaworld Corp. is increasing its retail expansion plans with about P10 billion in investments to build new lifestyle malls across key provincial townships.
The expansion will be carried out through its retail arm Megaworld Lifestyle Malls to strengthen the group’s efforts to grow recurring income.
In a statement on Feb. 19, the Andrew Tan led property firm said construction will start this year on several retail developments in Pampanga, Bulacan, Cavite, and Bacolod City.Megaworld said these projects are expected to add more than 150,000 square meters of gross floor area to its retail portfolio.
Federal Land NRE Global, Inc. (FNG), a joint venture of Federal Land, Inc. and Japan’s Nomura Real Estate Development Co., Ltd., reached a key milestone with the launch of Grow 1,000: Planting 1,000 trees for a greener, stronger future at Riverpark in Gen. Trias City, Cavite, its 600 hectare master planned estate, on Jan. 31.
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