Megaworld to expand office inventory in Mckinley West

Megaworld Corp. on Wednesday announced that it is expanding its office inventory in McKinley West in Fort Bonifacio.

In a disclosure to the Philippine Stock Exchange, the company said it is building a new office tower in McKinley West to be called 10 West Campus.

The new office tower will add 32,000 square meters of leasable office spaces to the initial 66,000 square meters of office spaces to be offered by six campus-type office towers — One West Campus, Two West Campus, Three West Campus, Five West Campus, Six West Campus and Eight West Campus.

“We are upbeat about McKinley West because this township stands in a very premium location right beside Forbes Park and has a convenient, fast access to Makati CBD, C5 Road, South Luzon Expressway and the Ninoy Aquino International Airport,” said Jericho Go, senior vice president of Megaworld.

Last year, the company announced a plan to allocate P20 billion to increase office space inventory in its township developments in Fort Bonifacio to 650,000 square meters by 2018.

"With the expansion in McKinley West, Megaworld is increasing its capital spending for office towers in Fort Bonifacio by 15 percent to P23 billion as it expands its office inventory close to 700,000 square meters in this area," Megaworld said.

The company said in a span of two years it will have more than 30 office towers in Fort Bonifacio alone.

Megaworld, the listed property developer of Andrew Tan, has four township developments in Fort Bonifacio area namely McKinley Hill, McKinley West, Uptown Bonifacio, and Forbes Town Center. —John Ted Cordero/KBK, GMA News