SECURITIES AND EXCHANGE COMMISSION

SEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2 (c) THEREUNDER
1. May 31, 2016
Date of Report
2. SEC Identification Number: 167423

3. BIR Tax Identification No: 000-477-103

4. MEGAWORLD CORPORATION
Exact name of Issuer as specified in its charter
5. Metro Manila
Province, Country or other jurisdiction of incorporation or organization
6. (SEC Use Only)
Industry Classification Code
7. 28th Floor, The World Centre
330 Sen. Gil Puyat Avenue
Makati City, Philippines 1227
Address of principal office
8. (632) 867-8826 to 40
Issuers telephone number, including area code
9. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of
the RSA
Title of Each Class

Number of Shares of Stock Outstanding

Common
Preferred
Total

32,239,445,872
6,000,000,000
38,239,445,872

10. Item 9(b)

Please see attached Press Release.

SIGNATURE
Pursuant to the requirements of the Securities Regulation Code, the Issuer has duly caused
this report to be signed on its behalf by the undersigned hereunto duly authorized.
MEGAWORLD CORPORATION
Issuer
By:

FRANCISCO C. CANUTO
Senior Vice President and
Corporate Information Officer
May 31, 2016




MEGAWORLD TO BUILD MORE OFFICE TOWERS IN DAVAO PARK DISTRICT
Property giants Davao City township to generate around 100,000 jobs by 2020

DAVAO CITY, Philippines, May 31, 2016 Megaworld, the countrys largest office developer, is
ramping up its office developments in the 11-hectare Davao Park District in Lanang, Davao City.
The company announces that it will build two more office towers, in addition to the P1.5-billion, 10storey Davao Finance Center, which is currently being built near the townships main entrance with
20,000 square meters of leasable spaces.
The two office towers, which will be named One Republic Plaza and Emperador House, will
provide an additional 30,000 square meters of office spaces. This will bring the total office
inventory in Davao Park District to around 50,000 square meters, to date.
One Republic Plaza will be a 10-storey office tower while the Emperador House will be a themed
six-storey tower featuring a European-inspired architecture. Named after the worlds largest brandy
company and Megaworlds sister company, The Emperador House will be an iconic landmark of
Davao Park District along the townships main avenue.
This is just the start of our expansion of office offerings. Being one of the top BPO destinations in
the country, we see an upward tick in the demand for office spaces in Davao City in the next three
years. Megaworld is committed to respond to this demand so companies will not think twice of
locating here, says Jericho P. Go, senior vice president, Megaworld.
Megaworld is the countrys biggest lessor of office spaces today, with an inventory of around
800,000 square meters all over the country. The company also has the most number of companies in
its roster of existing clients for office spaces at 130, most of which are information technology and
business process outsourcing (IT-BPO) companies.
We will certainly bring first-time, new locators to Davao City. Thats the same thing that we are
doing to other cities like Iloilo and Lapu-Lapu City in Cebu. There are so many skilled talents for
the BPO sector here, and we are sure about Davao City being a hot pick for location, Go adds.
By 2020, total direct and indirect jobs that will be generated in the township alone will reach
100,000.
Aside from the expansion of its office portfolio, Megaworld is also building a retail row and
shophouses around the township. A plan to put up a hospital and a school is also underway.
At present, three towers of the residential condominium cluster, One Lakeshore Drive, are almost
sold out. Another two towers are scheduled for launch by Megaworlds subsidiary brand, Suntrust
Properties, Inc., within the year.

Megaworlds commitment to nation building and spreading the economic prosperity to the
provinces remains. In the next five years, we hope to see more and more people coming home to the
provinces because they find more opportunities here. This way, we also help decongest Metro
Manila, explains Go. ###

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Media Contacts:
Public Relations and External Affairs
Marist Nagera +639178152009 (mnagera@megaworldcorp.com)
Ma. Cristina AsuncionDio +639175536290 (mcdio@megaworldcorp.com)