Property

Megaworld Corp., the listed property venture of billionaire Andrew Tan, has reshuffled the responsibilities of several senior executives, tightening the division of finance, audit and compliance functions as longtime executive Maria Victoria M. Acosta retires.

Citicore Renewable Energy Corp. (CREC) and Pampanga I Electric Cooperative (PELCO I) have begun construction of a 41-megawatt-peak embedded solar facility with battery storage, a project that could help reduce electricity costs and system losses while strengthening energy security in Pampanga.

President Ferdinand R. Marcos Jr. has declared the Aboitiz Group's Biz Hub at Lima Estate in Lipa City, Batangas as a special economic zone, paving the way for the mixed-use development to attract more information technology and business process management (IT-BPM) investments outside Metro Manila.

DMCI Project Developers Inc. (DMCI-PDI) is entering the commercial office market with its first office tower in Makati, broadening its property portfolio as demand increasingly shifts toward transit-oriented, sustainable workplaces despite a still-elevated vacancy environment.

Metro Manila's office market is showing signs of resilience despite slower leasing activity, with Colliers Philippines saying companies and landlords that move early on lease renewals, embrace flexible workspaces, and invest in sustainability will be best positioned as demand gradually recovers.