Property giant to spend P1.2-B to construct its first two office developments inside the 34-hectare The Upper East, offering 17,000 sqm of fresh office inventory Megaworld, the country’s largest office developer and lessor, is building two office towers inside its 34-hectare The Upper East township in Bacolod City.

The two office towers, which will be called No. 1 Upper East Avenue and No. 5 Upper East Avenue, will offer around 17,000 square meters of office spaces, particularly for the information technology and business process outsourcing (IT-BPO) sector.

The towers will be strategically located along the township’s main avenue, the six-lane Upper East Avenue which connects the city’s main streets of Lopez Jaena and Circumferential Road. Both towers will be facing the soon-to-rise Upper East Mall, and they will sandwich the township’s central park.

“These two new office towers will be Megaworld’s first office developments in Bacolod, and we look forward to bring in new BPO locators to the city. To be operated under our Megaworld Premier Offices brand, these Upper East Avenue towers will showcase the company’s signature state-of-the-art features in office developments – making them the most modern offices to rise in Bacolod City,” says Kevin L. Tan, chief strategy officer, Megaworld.