Megaworld sets P2.5-B renovation of IT zone pioneer Eastwood City

(https://megaworldinternational.com)

MANILA, Philippines — Megaworld Corp. has started its P2.5-billion renovation of Eastwood City, its first township project, to adapt to changing consumer behavior.

“We are not only preserving its legacy but also reinventing it into a township of the future—setting an even higher standard for integrated urban living,” Megaworld president Lourdes Gutierrez-Alfonso said in a stock exchange filing on Wednesday.

Among the changes lined up for the 28-year-old Eastwood City is the upgrade of its commercial areas and lifestyle malls, including Eastwood Citywalk, Eastwood Mall and Eastwood Mall Open Park.

“Eastwood City holds a special place in our history as Megaworld’s very first township, and this redevelopment reflects our commitment to keeping it vibrant, relevant and future-ready,” Alfonso said.

Launched in 1997, Eastwood City houses several global and multinational companies. Its properties include 23 residential condominium towers, 11 office buildings and three lifestyle malls.

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