New mall on a shoreline cliff to be highlighted by a man-made lagoon, boutique hotel, garden chapel, beach walk, and rows of retail shops & restaurants including four cinemas
Property giant Megaworld is building a two-level mall along the beachside cliff of its 30-hectare The Mactan Newtown development in Lapu-Lapu City.
With a total gross floor area of 30,000 square meters, the Mactan Newtown Beach Walk will be highlighted by a 1.4-hectare man-made lagoon at the center.
The lagoon will have floating boardwalks and a bridge that will connect both sides of the mall. With a maximum depth of around 1.5-meters, it can also serve as venue for future water sports activities such as jet ski, wakeboarding, stand-up paddling, and boating. It will also have its own man-made shoreline at its perimeter.
The Mactan Newtown Beach Walk, which is designed and to be operated under the Megaworld Lifestyle Malls brand, will also have its own chapel that will be surrounded by a garden by the Cliffside, overlooking the sea.
It will also have four state-of-the-art cinemas, a Food Hall, al fresco areas, Traveler’s Lounge, and a view deck, allowing visitors and mallgoers to have a panoramic view of the sea and nearby islands.
“Megaworld Lifestyle Malls is bringing a fresh, new concept of mall development in Cebu that recreates and innovates the beach lifestyle experience. We take inspiration from some iconic coastline commercial developments in South California, where visitors can enjoy coffee, meet friends over lunch or dinner, watch a movie, or simply shop around in this laid-back beach atmosphere,” explains Kevin L. Tan, chief strategy officer, Megaworld.
The mall complex will also have its three-storey boutique hotel, offering 48 spacious guestrooms with retail shops at its ground level. This will be operated under the Megaworld Hotels brand.
True to its commitment to sustainability, Megaworld will use solar roof panels for this new mall, and will utilize an open layout scheme for passive cooling and natural lighting in most of the development’s common areas.
Green, open spaces
Around 40% of the entire development will be dedicated to green and open spaces.
“We will even have some untouched areas for bike trails, airsoft shooting, and tree-top activities. This part of the Mactan Newtown is abundantly surrounded with trees, and we want to keep them,” adds Tan.
Megaworld will spend P1.5-billion to build the Mactan Newtown Beach Walk, which is expected for completion in 2021.
Residential, rental, and hotel businesses register double-digit growth
Megaworld, the country’s pioneer in and largest developer of townships, grew its net income by 18% to P8.9-billion in the first half of 2019 from P7.5-billion during the same period last year. Excluding a non-recurring gain of about P189-million in the first six months of 2019, the company saw a 15% increase in earnings compared to the same figure last year.
Net income attributable to parent company, on the other hand, rose 16% to P8.3-billion from P7.2-billion during the same period the previous year.
Megaworld’s earnings was fueled by a collective growth of 16% in its core businesses related to residential sales, leasing of Megaworld Premier Offices and Megaworld Lifestyle Malls, as well as operations of the brands under Megaworld Hotels. Each of the company’s core businesses exhibited double-digit growth from January to June this year.
Likewise, consolidated revenues of the company went up 18% to P31.7-billion during the first half of 2019 from P27-billion during the same period last year. Broken down, Megaworld’s residential business, rental, and hotel operations, accounted for 63%, 26%, and 4% of total revenues, respectively. The balance of 7% came from its non-core revenues.
MEGAWORLD HOTELS. The company’s hotel business was the fastest-growing segment for the first half of the year, growing 80% compared to the same period last year.
“The current economic landscape is quite favorable so we continue to be optimistic on the remaining five months of 2019. Interest rates are on a downtrend, which is a very positive news for our residential business. Vacancies in both office and commercial segments are on an all-time low, and we don’t see this changing in the near future due to the robust sign-ups we are seeing from big companies and business owners. Tourism growth, likewise, remains strong, and this should continue to fuel our blossoming hotel operations especially that we are opening more hotels henceforth,” said Kevin L. Tan, chief strategy officer, Megaworld.
Residential sales improved to P20.2-billion during the first six months of 2019 from P18.1-billion during the same period in 2018, registering a growth of about 11% year-on-year.
The company launched a total of P39-billion in new inventory during the first half of the year while sales reservations reached P80-billion by the end of the period.
On the rental front, Megaworld’s leasing revenues soared to P8.1-billion during the first six months of the year from P6.8-billion in the same period in 2018, a remarkable 20% growth year-on-year.
By yearend, the company is expected to complete more than 230,000 square meters of leasable space from its two rental brands of Megaworld Premier Offices and Megaworld Lifestyle Malls all over the country.
MCKINLEY HILL. The 50-hectare McKinley Hill in Fort Bonifacio celebrates its 15th anniversary this year and serves as a home to 90,000 office workers.
Megaworld Lifestyle Malls
Just a few weeks ago, the company announced that it plans to expand its Megaworld Lifestyle Malls footprint outside of Metro Manila with the opening of 8 new malls and commercial centers in key regional centers in the next three years. The plans will cover as much as 200,000 square meters of fresh retail inventory until 2022.
The company’s hotel operations under the Megaworld Hotels brand became the fastest growing segment during the first half of 2019, soaring 80% to P1.3-billion from P715-million last year.
Megaworld Hotels is expected to add another 1,000 room keys this year with the scheduled openings of Belmont Hotel Boracay and Savoy Hotel Mactan Newtown before year-end.
Megaworld Hotels now has 8 homegrown hotels across the country: Richmonde Hotel Ortigas, Eastwood Richmonde Hotel, Richmonde Hotel Iloilo, Savoy Hotel Manila, Savoy Hotel Boracay, Belmont Hotel Manila, Hotel Lucky Chinatown, and Twin Lakes Hotel.
Masterplanned townships, lifestyle communities
Celebrating its 30th year in the real estate industry, Megaworld already has 24 masterplanned townships and integrated lifestyle communities across the country, namely: Eastwood City in Libis, Quezon City, (18.5 hectares); Newport City in Pasay City (25 hectares); McKinley Hill (50 hectares), McKinley West (34.5 hectares), Uptown Bonifacio (15.4 hectares) and Forbes Town (5 hectares), all in Fort Bonifacio, Taguig City; The Mactan Newtown in Lapu-Lapu City, Cebu (30 hectares); Iloilo Business Park in Mandurriao, Iloilo City (72 hectares); Sta. Barbara Heights in Sta. Barbara, Iloilo (173 hectares); Boracay Newcoast in Boracay Island (150 hectares); Twin Lakes in Alfonso, Batangas near Tagaytay (1,200 hectares); ArcoVia City in Pasig City (12.3 hectares); Southwoods City in the boundaries of Cavite and Laguna (561 hectares); Davao Park District in Lanang, Davao City (11 hectares); Alabang West in Las Piñas City (62 hectares); Eastland Heights in Antipolo, Rizal (640 hectares); Suntrust Ecotown in Tanza, Cavite (350 hectares); Maple Grove in General Trias, Cavite (140 hectares); The Hamptons Caliraya in Lumban-Cavinti, Laguna (300 hectares); The Upper East (34 hectares) and Northill Gateway (50 hectares) both in Negros Occidental; Capital Town Pampanga beside the Pampanga Provincial Capitol in the City of San Fernando (35.6-hectares); Westside City in the Entertainment City in Paranaque City (31 hectares); and Highland City in Cainta, Rizal (24 hectares). (Press Release)
Property giant Megaworld is expanding its commercial retail portfolio this year, with the opening of 11 commercial properties across its townships all over the country.
By end of the year, the company will open new retail spaces in Iloilo Business Park in Mandurriao, Iloilo City; Alabang West along Daang Hari in Las Piñas City; McKinley Hill and Uptown Bonifacio, both in Taguig City; Arcovia City in Pasig City; Boracay Newcoast in Boracay Island, Aklan; and Davao Park District in Lanang, Davao City.
These new commercial properties cover around 54,000 square meters in gross floor area.
“The biggest chunk of the new retail spaces will be in Uptown Bonifacio, as we embark on an expansion of our new retail row in front of Uptown Mall and Uptown Parade. We are also launching a new retail development inside Arcovia City, our newest and must-visit township along C-5 in Pasig fronting Valle Verde. Down south, there is something exciting coming up in Alabang West, which is part of our Beverly Hills-themed commercial row,” said Kevin L. Tan, Megaworld chief strategy officer.
During the second half last year, Megaworld opened its first full-scale lifestyle mall in Iloilo Business Park, the P2.2-billion Festive Walk Mall, offering around 90,000 square meters of retail spaces. It also opened three new community malls in Alabang and Makati, namely, The Village Square in Alabang, Muntinlupa City; Three Central in Valero Street, Salcedo Village, Makati City; and San Lorenzo Place in EDSA corner Chino Roces Avenue, Makati City. These three new commercial centers offer around 26,500 square meters in retail spaces.
“Every mall that we build has curated spaces that evoke the character of the township where it is located. We want to create commercial properties that are not just for shopping and dining, but those that help drive tourism,” said Tan.
By yearend, Megaworld’s commercial retail footprint will reach around 771,000 square meters, with presence all over Metro Manila, Luzon, Visayas and Mindanao.
To be built in time to mark the 500th year of the circumnavigation of the world by the ship that inspired its name, the La Victoria Global Residences will add 181 units to the residential inventory at the 30-hectare township The Mactan Newtown in Lapu-Lapu City.
“We launch this tower 500 years after Magellan was appointed captain of Galleon Victoria’s expedition and we hope to complete this in 2022 when we commemorate the ship’s 500th year of circumnavigation,” said Megaworld Cebu Properties, Inc. President Noli Hernandez.
The building is the 4th residential tower at the township in Lapu-Lapu City. It will have 20 storeys with 181 units ranging from studio of up to 40 square meters, 1-bedroom units of up to 53 square meters, 2-bedroom units of up to 80 square meters, and 3-bedroom units of up to 118 square meters.
P1.5 billion projected sales
Hernandez said units will be sold starting at about P160,000 per square meter. He said the company projects total sales of the project to reach P1.5 billion.
All units will have their own balconies that face the sea and mountains, Hernandez said during the press announcement today in Cebu City.
The main lobby of La Victoria Global Residences “will be designed with elements and installations that are significant to the Spanish expedition,” he said.
He said that the tower will have an amenity deck at the 3rd level with an infinity pool and kiddie pool. It will also have a covered pool lounge and wooden sunbathing deck.
Right in the center
“La Victoria is actually right in the center of the whole township. We are placing so much importance on this project not only because it signals the success of our township but also because of its historical significance,” he said.
Megaworld launched in 2011 its 1st residential development in the township, 8 Newtown Boulevard. It was named Best Luxury Condo Development in Cebu in the 2016 Philippines Property Awards and the Outstanding Residential High-Rise Development in the 2016 Real Estate and Property Awards by FIABCI-Philippines.
The following year, the company launched One Pacific Residence. This won the Best Residential Architectural Design in the 2017 Philippines Property Awards, the company said. In 2016, Megaworld launched One Manchester Place.
Most units, except for a very few, have been sold, said Hernandez.
More tourists expected
“We already sold out 3 residential projects and more foreign retirees still looked for properties in our townships. More people who found work inside the Mactan Newtown are also looking for their own residential spaces,” Hernandez said.
“In a few years we also expect more tourists to come to our townships as we bring our 2 Megaworld homegrown hotel brands: Savoy Hotel and Belmont Hotel to the Mactan Newtown,” he said.
Megaworld, the country’s largest developer of integrated urban townships, grew its net income by 13.4% to P13.3-billion (including non-recurring gains of P113-million) in 2017 from P11.7-billion (including non-recurring gain of P82-million) the previous year.
Net income attributable to parent company ended at P12.8-billion by end-December 2017, a 12.7% jump from P11.3-billion during the same period last year. The healthy growth was underpinned by the strong performances of its key businesses in residential and hotel developments, office as well as commercial space leasing in malls and shopping centers.
Consolidated revenues including non-recurring gains grew 7.7% to P50.4-billion in 2017 from the previous year’s P46.8-billion.
Megaworld’s rental business, which covers both office and commercial space leasing grew the fastest among the segments. Rental income soared 18.2% to P11.8-billion in 2017 from last year’s P10-billion.
Comprising around 70% of its consolidated revenues, the company’s residential business was up 4.5% in 2017, growing to P34.6-billion from P33.1-billion the previous year.
“We are still way beyond our targets and we see this momentum to continue until we reach our P20-billion target in annual rental income by 2020, or even beyond that. There is still so much opportunities to tap in the property market and we are ready for that,” said Francis Canuto, senior vice president and treasurer, Megaworld.
Megaworld is allocating P60-billion in capital spending this year, with 80% covering development projects, mostly residential, office and commercial developments in various townships across the country. The remaining 20% will be set aside for land acquisition and other investment properties.
Integrated lifestyle community
“The Megaworld Group is now present in more than 30 cities around the country. We will continue to be aggressive in developing more townships and integrated lifestyle communities across the country, most especially in the provinces.”
Last year, Megaworld’s subsidiary Global-Estate Resorts, Inc. (GERI) introduced its second “integrated lifestyle community,” the 300-hectare Hamptons Caliraya, in Cavinti, Laguna, which is surrounded by the famous Lake Caliraya.
About the same time last year, Megaworld announced that it is developing a Makati-inspired Business District in General Trias Cavite, the 35-hectare Maple Grove Commercial District. In just over a month, it has sold around 80% of the 360 prime commercial lots worth P9-billion, the fastest take-up of titled commercial lots in the company’s history.
During the last 28 years, Megaworld has built over 660 residential developments, 54 office towers and 15 lifestyle malls in 23 masterplanned townships and integrated lifestyle communities across the Philippines. These also include: Eastwood City in Libis, Quezon City, (18.5 hectares); Newport City in Pasay City (25 hectares); McKinley Hill (50 hectares), McKinley West (34.5 hectares), Uptown Bonifacio (15.4 hectares) and Forbes Town (5 hectares), all in Fort Bonifacio, Taguig City; The Mactan Newtown in Lapu-Lapu City, Cebu (30 hectares); Iloilo Business Park in Mandurriao, Iloilo City (72 hectares); Sta. Barbara Heights in Sta. Barbara, Iloilo (173 hectares); Boracay Newcoast in Boracay Island (150 hectares); Twin Lakes in Alfonso, Batangas near Tagaytay (1,300 hectares); ArcoVia City in Pasig City (12.3 hectares); Southwoods City in the boundaries of Cavite and Laguna (561 hectares); Davao Park District in Lanang, Davao City (11 hectares); Alabang West in Las Piñas City (62 hectares); Eastland Heights in Antipolo, Rizal (640 hectares); Suntrust Ecotown in Tanza, Cavite (350 hectares); Maple Grove in General Trias, Cavite (140 hectares); The Hamptons Caliraya in Lumban-Cavinti, Laguna (300 hectares); The Upper East (34 hectares) and Northill Gateway (50 hectares) both in Negros Occidental; Capital Town Pampanga beside the Pampanga Provincial Capitol in the City of San Fernando (35.6-hectares); and Westside City in the Entertainment City in Paranaque City (31 hectares.) (Press Release)
A student-centered learning institution under the supervision of the De La Salle Brothers will open this June for school year 20018-2019 within the Mactan development of property giant Megaworld and has been officially named “Newtown School of Excellence.”
Megaworld Cebu Properties, Inc. president Noli D. Hernandez said the school will initially offer classes for the nursery and kindergarten levels.
The Newtown School of Excellence is a partnership between Megaworld and the Lasallian Schools Supervision Services Association, Inc. (LASSSAI).
It occupies around a hectare of space near the entrance of Mactan Newtown along the Mactan Circumferential Road. Megaworld has spent P240 million since it started building the school in 2014, according to Hernandez.
La Salle-supervised school
Brother Narciso Erguiza Jr., LASSSAI president, said a La Salle-supervised school is one that they don’t directly own but run for certain companies or groups under the same educational standards.
A De La Salle school operates with the learners as the central concept. Two other criteria they require for a school they run or supervise are that it must be a Catholic and there must be a good percentage of students from poor families, he added.
Erguiza cited they ensure that at least 20 percent of the student population are on full scholarships in all their schools. He added he would want to raise this to 30 percent in the Newtown School of Excellence.
“This school will primarily cater to the children of township homeowners, particularly those who live in our condominium developments. We will also cater to the children of the expat community and residents of Lapu-Lapu City and nearby towns and cities as well as the children of those working in nearby businesses and business process outsourcing companies,” said Hernandez.
The target is to add grade levels by school year until the Newtown School of Excellence will be running on full capacity up to Grade 12.
Erguiza said the school can accommodate around 1,000 students when it is fully operational.
The Newtown School of Excellence will have two main buildings when completed. The single-storey Kindergarten Building is composed of three classrooms, a library, playground, and multipurpose hall. On the other hand, the five-story Elementary Building will feature 21 classrooms, audio-visual rooms, computer rooms, music room, home economics room, prayer room, library and learning resource center, auditorium, covered court, physical education instruction room, science laboratories, clinic, and its own canteen.
According to Hernandez, the curricula in the different programs offered at the school will be technology-based and geared towards academic excellence and proficiency.
Property giant Megaworld is embarking on a company-wide program to future-proof its developments around the country through the creation of “iTownships.”
The company said its 28-year leadership in pioneering the Live-Work-Play concept of property development in the Philippines gave birth to “Townships.” It is elevating the standards by incorporating digital technology, design innovations, and connectivity into its townships.
“We have assigned teams to study how we can seamlessly integrate smart technology and innovations into our townships. In this fast-changing digital world, we see the importance of aligning our developments to quickly adapt to the disruptions, which we perceive as opportunities,” said Kevin L. Tan, Megaworld senior vice president.
Among the projects to be implemented under the program include the digitization of customer service and payment processes, integration of smart home technology in residential units, utilization of digital technology and energy-efficient materials in structural designs, creation of Township Operation Centers across all developments which maximizes 24/7 security and safety monitoring and emergency response in every township, urban art installations and creative pedestrian crosswalks, smart parking system including provision for electric vehicle charging in mall developments, among others.
Green and sustainable features will also be at the core of the program. Some of the initiatives that will be implemented include the conversion of old streetlights to LED and solar-powered lights, green roofing for office buildings, provision of vertical green spaces across developments.
Townships of the future
“iTownships will become our new brand in creating the townships of the future. It is about innovation, integration, internet and interconnectivity. Having these features in our townships does not only make our developments ‘future-ready’, but it also allows us to take greater steps towards sustainability and environmental responsibility,” said Tan.
During the last 28 years, the Megaworld Group built over 660 residential developments, 54 office towers and 15 lifestyle malls in 22 townships and integrated lifestyle communities across the Philippines. (Press Release)
This Halloween, scream all you can at the series of spine-tingling, hair-raising horror flicks at the first-ever outdoor movie cinema at The Mactan Newtown in Lapu-Lapu City.
Dubbed as “Fright Night,” the Newtown Outdoor Cinema will feature three of the all-time best horror movies this coming October 30 (Sunday), from 5 pm onwards.
The Newtown Outdoor Cinema is Cebu’s first-ever outdoor cinema open to the public, which is located beside The Mactan Alfresco. This will offer a new experience for the family and friends to celebrate Halloween, the company said.
Biggest business, tourism hub
Aside from the free outdoor cinema, The Mactan Newtown brings a plethora of exciting spooky adventures and fun activities day and night for the Halloween celebration this year. This 30-hectare township with a beach is poised to be the biggest business and tourism hub in Central Visayas that imbibes Megaworld’s phenomenal Live-Work-Play-Learn concept.
What’s new is that the beach, the 11.5-hectare beachfront property area of The Mactan Newtown is now open to the public and can let you enjoy water activities such as Stand Up Paddling, Jet Skis, Banana Boat and more, or relax with family and friends while appreciating the white sand shores and unparalleled views of the Hilutungan Channel and Magellan Bay. Open from 7 a.m. to 7 p.m., you can already have a fun day under the sun for only P150 on weekdays and P199 on weekends.
Where to go in Mactan Newtown
Guests and visitors can also visit The Mactan Alfresco, which is the newest dining hub in Mactan that offers a myriad of delectable food finds, which are unique to the island. Patterned after Singapore’s hawker centers, The Mactan Alfresco gives diners a whole new way of experiencing at the world-famous Cebu lechon with its very own Lechon Pit that opens until 10 p.m. There are also live colorful performances every weekend at the area where it showcases the best Cebuano culture and tradition.
After a movie marathon, you can have some downtime along or with someone at the slew of coffee shops inside the township. The Civet Coffee, located at the ground floor of Manulife Tower, has a different ambiance. It is a mainstream coffee shop but with a homey feel with grey tile flooring, wooden furniture and warm lights.
Beside the Coffee shop is Mister Donut which also offers affordable coffee blend in the neighborhood. If you need a quick stop to eat, McDonald’s and 7/11 store are also there where you can have your own comfort food.
Showing at the Newtown Outdoor Cinema are three highly-rated picks:
Based on a 1986 horror novel by great master of horror fiction Stephen King, “It” is a mind-boggling classic film, set in a fictitious town of Derry, Maine, which follows the experience of seven children as they are being terrorized by unknown shape-shifting being (referred to simply as eponymous “It”), which often appears to be as Pennywise The Clown.
The Ring is a 2002 American supernatural psychological horror film based on the novel of Koji Suzuki. The plot revolves around the urban legend of a cursed videotape, which victimizes anyone in a week after viewing it. This highest grossing film is famous for its bizarre and haunting image of a white lady with long black hair that lurks out the television set.
In order to stabilize the American society, a new government was formed and the new founding fathers declared to hold an annual 12-hour event known as “The Purge,” wherein all crime including murder becomes legal while emergency and law enforcement services are shut down. The Purge is the first of the three American dystopian horror films written and directed by James DeMonaco. (Press Release)
There’s no denying that the Pokemon Go mania has landed in the Philippines, and like many others, Cebuanos are also left with the same question: Where can we find more Pokemons?
No need to worry, you’re going to catch them all—more than 20 Pokemons are currently lurking around the 30-hectare The Mactan Newtown. Prepare to catch Caterpie, Weedle, Pikachu, Rattata, Voltorb, Electrode, Pidgey, Spearrow, Nidoran, Zubat, Paras, Meowth, Poliwag, Magikarp, Eevee, Exeggcute, and many more.
The Mactan Newtown has one Poke Gym at the Dolphin Fountain, and is near 4 Poke Stops namely the Mactan Brgy. Hall, Magellan’s Battleship Wood Sculpture, Fr. Jules Chevaller Statue and Sto Nino de Cebu Mactan. What’s more, The Mactan Newtown is very pedestrian-friendly so you don’t have to worry about your safety while you’re busy trying to catch as many Pokémons as you can.
While there, you can even grab a quick bite at The Mactan Alfresco, a hawker-style establishment featuring various culinary dishes. You can also check out the newly-built Lechon Pit, where the famous Lechon Cebu is roasted right before your very eyes, then maybe satisfy your Lechon cravings while at it.
The Mactan Newtown
The Mactan Newtown is real estate giant Megaworld’s very own township with a beach. Currently, the Mactan Newtown’s masterplan includes 10 luxury condominium towers, five to ten more office towers by 2021, five business and leisure hotels overlooking the Hilutungan Channel and a bustling cyberpark.
Soon, it will be home to the Plaza Magellan, a three-level retail and commercial hub with structure inspired by rich Spanish architecture; and The Newtown School of Excellence, headed by the Lasallian Schools Supervision Office. (Press Release)
With its crispy skin and tender juicy meat, Cebu lechon is known around the Philippines and even the world as extraordinarily delectable.
Diners now get to take their enjoyment of Cebu’s roasted pork to a whole new level with the opening of the Lechon Pit at The Mactan Newtown’s covered dining strip Mactan Alfresco.
“Nothing compares to Cebu lechon. When it comes to taste, Cebu’s culinary pride is unrivalled in other parts of the country. We want to show there’s more to lechon than its delectable crispy skin and juicy meat,” Tefel Pesigan-Valentino, Megaworld Lifestyle Malls head of marketing and business development, said during the Lechon Pit opening last July 1.
Cebu lechon roasting
At the Lechon Pit that’s located just beside Mactan Alfresco, diners get to witness firsthand how the world’s best pork dish, as recognized by Time Magazine in its Best of Asia 2009 issue and Anthony Bourdain in one episode of his travel show No Reservations, is prepared.
Every Saturday and Sunday, from 3 p.m. onwards, the Lechon Pit demonstrates the intricate process of Cebu lechon preparation, from seasoning to roasting and ultimately chopping and serving to guests.
Ayers Lechon, which has a food kiosk at Mactan Alfresco, currently operates the roasting pit, which can hold 12 lechons at a time.
Valentino said tourists who want to enjoy a different kind of gastronomic experience can view the live roasting, dine on Cebu lechon fresh off the pit, and enjoy other Cebuano and Filipino dishes on offer at the 11 dining establishments in Mactan Alfresco.
Lapu-Lapu City tourism officer Hembler Mendoza said the live lechon roasting is an add-on to tourism in the historic island of Mactan. He added that Mactan Alfresco’s proximity to the historical destination Liberty Shrine, dedicated to Mactan native and hero Chieftain Lapu-Lapu, makes it doubly attractive to tourists.
US-based corporation Concentrix will start business process outsourcing operations in Megaworld’s The Mactan Newtown in Lapu-Lapu City by the second half of 2016, executives from both companies announced yesterday, April 27.
The outsourcing company will occupy the entire 2,600 square meters of office space on the second floor of Tower 3 at 8 Newtown Boulevard, said Megaworld Corp. senior vice president Jericho Go.
“Concentrix is one of our biggest BPO partners. We value this opportunity of expansion that we can offer them. We’re happy and proud that they’ve chosen another Megaworld township as their home in Cebu,” Go said.
The BPO company plans to have a workforce of 450 to 500 at its Mactan Newtown office by the end of the year.
David Brooks, Concentrix Philippines country general manager, said they’re already in three locations in Manila but wanted to ease business continuity concerns of their clients in case a calamity prevents employees from showing up for work in their other offices.
Concentrix picked Mactan because it’s near the airport and Cebu supports a thriving BPO industry, he added. Concentrix is a first-time locator in Cebu and the fourth BPO company to open at The Mactan Newtown after The Results Companies, Enfra USA, and Manulife.
“The entry of Concentrix in Cebu, through The Mactan Newtown, is a clear indication of our continuing commitment to build the largest cyberpark in Mactan and to further strengthen Cebu’s position as the country’s top BPO hub,” said Go.
Beachfront exclusive to locators
Megaworld plans to finish some facilities at the beachfront by the end of the year so that the BPO tenants at the 30-hectare urban township development can do their teambuilding and other work events there. According to Go, the target is to complete the transformation of what used to be the Portofino Beach Resort into a world-class tourism hub that includes a beach club, sports and recreational facilities, and hotel developments.
“The existing BPO companies in The Mactan Newtown have been ecstatic about the future of the township especially after we revealed our plans for the beachfront and the Mactan Shrine area. Where else in the country can you find a workplace that is just a few steps away from the beach,” he added.
BPO workers living in Mactan
Go said 25,000 of the over 100,000 BPO workers in Cebu live in Mactan and being able to tap this huge resource is one distinct advantage for The Mactan Newtown companies.
He added that with Mactan’s proximity to the airport and the worsening traffic, the township is in a prime position to become a top IT center in Cebu.
The mixed-use cluster of 8 Newtown Boulevard has total leasable office space of around 25,400 square meters. Each of the four towers has three floors of office spaces while the ground floor will be leased for commercial and retail purposes.
The three levels of Tower 1 are now occupied by The Results Companies, which expanded its operations from One World Center this year.
Office space inventory
With the opening of the new office towers in 8 Newtown Boulevard, the total office space inventory in The Mactan Newtown has already reached over 38,000 square meters, with the capability to generate at least 12,000 jobs.
Megaworld earlier announced that it will build around five to ten office towers in The Mactan Newtown by 2021, offering an estimated 150,000 square meters of office spaces that can accommodate around 45,000 workers in the IT-BPO sector.
The company has allocated P30-billion to develop The Mactan Newtown for a period of seven to 10 years.
Megaworld’s residential development 8 Newtown Boulevard located within the 30-hectare Mactan Newtown in Lapu-Lapu City won big at the 2016 Philippine Property Awards held recently in Makati City.
8 Newtown Boulevard took the Best Condo Development in Cebu as well as the Best Residential Interior Design and Best Landscape Architectural Design awards, making it the most awarded residential development in Cebu during the event.
The four-tower residential cluster is Megaworld’s first residential development in Mactan Newtown.
The condominium development’s awards are among the 17 that Megaworld earned this year, which also included the most coveted Best Developer.
“We are very happy for this major award given to 8 Newtown Boulevard. This just shows a glimpse of the kind of exciting, world-class projects that Megaworld is bringing to The Mactan Newtown, our first and only township by the beach,” said Megaworld Cebu Properties, Inc. president Noli D. Hernandez.
8 Newtown Boulevard boasts of a lavish interior, from a spacious condominium lobby to quaint East Asian-inspired design elements that give a relaxing yet polished vibe.
The property also features top-of-the-line amenities that complement Mactan Newtown’s beach setting, including an amenity deck with a 61-meter infinity pool, a fitness center, and unparalleled views of Cebu’s Hilutungan Channel and Magellan Bay.
The residential cluster also has Japanese-inspired gardens, courtyards, and bathing rooms.
8 Newtown Boulevard is the first residential development at Mactan Newtown, where other luxury residences, business hubs, leisure hotels, a lifestyle mall, and school will soon rise to bring Megaworld’s perfected live-work-play-learn lifestyle concept to Cebu.
The Philippines Property Awards is one of the highly-recognized award giving bodies in the country organized by Property Report, Asia’s leading luxury real estate, architecture, and design magazine.
Top winners from the Philippines this year will compete with their counterparts from eight Asean countries at the grand finals of the 2016 South East Asia Property Awards this November 10 in Singapore. (Press Release)
Megaworld, the country’s largest developer of integrated urban townships and the biggest lessor of office spaces, has breached the P10-billion mark in net core income for 2015. The company’s core profit reached P10.40-billion (net of P181-million non-recurring gain from P10.58-billion), up 10.58% from last year’s P9.40-billion (net of P12.16-billion non-recurring gain).
“We already have a strong roster of townships across Luzon, Visayas and Mindanao that are backed by adequate landbanking and carefully-thought masterplans. We have already mastered the art of township development. What we want to put focus on now is how to further grow our rental portfolio, which is integral to being a township developer. Malls and offices are key components of an urban township,” said Megaworld chief finance officer Francis Canuto.
Megaworld core businesses
Megaworld’s consolidated revenues, excluding non-recurring gains, grew 9.37% year-on-year in 2015 to P44.81-billion from the previous year’s P40.97-billion. Each of Megaworld’s core business – residential, rental and hotel operations – hit double-digit growth in 2015.
Megaworld’s leasing business has been the fastest growing business segment in 2015, as rental income grew to a remarkable 23.46%. Leasing income from malls, commercial centers, and offices reached P8.73-billion in 2015 from P7.07-billion the previous year.
“Our rental business had been growing exponentially the last five years. We are confident that we will reach the P11-billion target by the end of this year as we see continuous growth in consumer spending as well as further expansion of BPO companies, particularly in key growth areas in Visayas and Mindanao where Megaworld is already present,” adds Canuto.
The company launched five townships in 2015, bringing its total township developments across the country to 20. These are Eastwood City in Quezon City, (18.5 hectares); Newport City in Pasay City (25 hectares); McKinley Hill (50 hectares), McKinley West (34.5 hectares), Uptown Bonifacio (15.4 hectares) and Forbes Town Center (5 hectares), all in Fort Bonifacio; The Mactan Newtown in Cebu (28.8 hectares); Iloilo Business Park (72 hectares) and Sta. Barbara Heights (173 hectares), both in Iloilo;
Boracay Newcoast in Boracay Island (150 hectares); Twin Lakes in Tagaytay (1,300 hectares); ArcoVia City in Pasig City (12.3 hectares); Southwoods City in the boundaries of Cavite and Laguna (561 hectares); Davao Park District in Lanang, Davao City (11 hectares); Alabang West in Las Piñas City (62 hectares); Suntrust Ecotown in Tanza, Cavite (350 hectares) and The Upper East (34 hectares) and Northill Gateway (50 hectares) both in Negros Occidental; a vast property beside the Pampanga Provincial Capitol in the City of San Fernando (35.6-hectares); and Westside City in the Entertainment City in Paranaque (31 hectares.) (Press Release)
An infinity pool with a panorama of the Hilutungan Channel and Magellan Bay, a spa and gym with top-of-the-line equipment, and Japanese design features like a rock garden, Onsen room, and a Niwa are just among the amenities that await unit owners of 8 Newtown Boulevard at the Megaworld township of Mactan Newtown in Lapu-Lapu City.
Megaworld Cebu Properties, Inc. president Noli D. Hernandez, who led a tour of the facilities for the residential towers, said these are scheduled for completion by the first quarter of 2016.
Many amenities for 8 Newtown Boulevard are located at the expanded open space on the fifth level which will connect all four 18 stories-high towers. The pool, called the Horizon Edge, borders the front central portion of this level for 61 meters.
Jojo Hipolito, Megaworld assistant vice president for Cebu sales, said the infinity pool is nine meters wide and measures five feet at its deepest. A few steps down the pool deck is the Japanese rock garden and still at the fifth level but located indoors is the gym and spa.
Hernandez said Mactan Newtown’s first residential project 8 Newtown Boulevard has Japanese-inspired components, including an Onsen (hot spring bath) room and a Niwa or a traditional landscaped garden.
The Niwa will dominate the other side of the fifth level’s expanded open space and feature a man-made lake with a foot bridge.
There will be rooms where residents can experience Japanese hobbies like Ikebana (flower arrangement) and Origami (paper folding).
Harold Geronimo, Megaworld head of public relations and communications, said the 8 Newtown Boulevard towers have been positioned to maximize the sea vistas of Mactan.
“Megaworld has been known for developing a lot of world-class communities in Manila and elsewhere, but in Cebu, specifically in Mactan Newtown, we offer not only the township we are known for but the surrounding scenery as well,” Hernandez meanwhile said.
During the tour, he pointed out the huge and plush lobby for the first and second tower clusters and showed a combined unit at the 17th floor.
The second to the fourth floors will have business offices while residential units will make up the fifth to 18th levels of the 8 Newtown Boulevard towers.