Megaworld posts 45.6% jump in office lease renewals in H1 2026

Real estate developer Megaworld Corporation posted a 45.6% increase in office lease renewals in the first half of 2026, driven by sustained demand for office spaces.

In a news release on Tuesday, Megaworld said office lease renewals reached 122,000 square meters from January to June, up from 83,353 square meters recorded in the same period last year.

The property developer said the renewals were spread across its office developments in various townships nationwide.

Eastwood City accounted for about 30% of total lease renewals, followed by Uptown Bonifacio and McKinley Hill in Taguig City, Iloilo Business Park in Iloilo City, and Southwoods City in Biñan, Laguna.

“Our strong lease renewal performance reflects the trust and confidence that our tenants continue to place in us and in the long-term value of our office developments,” said Roland Tiongson, head of Megaworld Premier Offices.

He said the company’s township concept continues to attract tenants by offering integrated communities with residential, retail, hospitality, transport access, and open spaces within a master-planned environment.

Megaworld also said it has fully leased 24 office towers nationwide, covering a combined 430,000 square meters of gross leasable area.

In the first quarter of 2026, the company generated P3.8 billion in office leasing revenues and closed nearly 100,000 square meters in office lease transactions.—MCG, GMA News