Property giant Megaworld, through its retail and commercial arm Megaworld Lifestyle Malls, will begin construction of new lifestyle malls and commercial developments across several of its townships nationwide this year until next year as part of its continued expansion to grow its portfolio to one million square meters of gross leasable area (GLA) by 2030.

 

The company is investing around P10-billion for the upcoming projects, which will add more than 150,000 square meters of gross floor area to the company’s existing retail portfolio, reinforcing its leasing pipeline and recurring income base.

 

The new retail developments include Capital Mall in the City of San Fernando, Pampanga; Northwin Global Concourse in Marilao and Bocaue, Bulacan; Maple Grove Mall in the City of General Trias, Cavite; and The Upper East Mall in Bacolod City.

 

These ‘curated lifestyle malls’ will serve their respective township communities through enhanced commercial synergy, providing a broader and more integrated selection of retail, dining, and lifestyle options for future mall-goers and customers.

 

Capital Mall is a four-level mall development set to rise within Capital Town Pampanga, featuring a design that pays homage to the heritage of the Pampanga Sugar Development Company (PASUDECO). Also rising within Northwin Global City is Northwin Global Concourse, a two-level retail complex that will be directly connected to the upcoming Northwin Station of the North–South Commuter Railway.

 

Maple Grove Mall will be a two-level retail development featuring a classical modern design, offering a curated mix of dining and retail spaces. The three-level The Upper East Mall will adopt a contemporary classic design inspired by Upper East Side in New York. A key design feature of the mall is the preservation and integration of a century-old Balete tree, which will serve as the focal point of the commercial property.

 

Megaworld is also expanding Festive Walk Mall through a new two-level retail development that will rise between the existing mall and Richmonde Hotel Iloilo. It will be home to a Landers Superstore branch, further strengthening the retail ecosystem within Iloilo Business Park.

 
“Stronger consumer spending continues to drive demand for quality commercial space, particularly in key growth centers where our townships are located. This allows us to expand our leasing portfolio while introducing new lifestyle concepts that enhance the overall value proposition of our developments,” says Graham Coates, head of Megaworld Lifestyle Malls.

 

The retail expansion forms part of Megaworld’s P65-billion capital expenditure program for 2026, which supports the continued expansion of its residential, office, hospitality, and retail offerings across its key townships in Metro Manila and the provinces, including Bacolod, Iloilo, Pampanga, Cavite, and Palawan.

 

Megaworld currently has over 500,000 square meters of gross leasable area in its retail inventory. The upcoming mall developments mark the latest phase in Megaworld’s aggressive retail expansion strategy, following a strong pipeline rollout over the past year.

 

In 2025, Megaworld Lifestyle Malls opened four (4) new retail developments in strategic locations: McKinley West in Taguig, Alabang West in Las Piñas City, Boracay Newcoast in Aklan, and another one in Makati. These include The Shoppes at Park McKinley West, a two-level retail podium beneath the Park McKinley West residential tower; new retail spaces at Vion Tower along EDSA corner Chino Roces Avenue in Makati; expanded retail areas in Alabang West; and Newcoast Beachwalk in Boracay Newcoast.

 

Megaworld also plans to inject selected mall and retail assets into MREIT, Inc., supporting its target to expand the REIT’s portfolio to one million square meters of GLA by 2027.