TYCOON Andrew Tan's Megaworld Corp. is setting aside P55 billion for capital expenditures (capex) this year in line with a plan to expand its leasing portfolio to three million square meters (sqm) by 2030.
TYCOON Andrew Tan's Megaworld Corp. is setting aside P55 billion for capital expenditures this year in line with a plan to expand its leasing portfolio to three million square meters by 2030.'This year, Megaworld has budgeted P55 billion for , which is an important part of our overall P350-billion, five-year capex program that began in 2023,' said Kevin Tan, chief executive officer of Megaworld parent Alliance Global Group Inc.
'Growing our malls and office segments within the next six years is a big part of our continuing expansion,' Tan said.The new office stocks will come from townships in Bulacan, Pampanga, Cavite, Bacolod and Metro Manila.The new retail spaces, meanwhile, will be developed from Megaworld's lifestyle mall properties in Cavite, Rizal, Pampanga, Bulacan, Bacolod, Cebu, Davao, Boracay and Palawan.
Spending P55B To Boost Portfolio
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