• 3,000 firms
  • Independent
  • Trusted
Save up to 70% on staff

News » Megaworld eyes biggest call center REIT in PH

Megaworld eyes biggest call center REIT in PH

Megaworld eyes biggest call center REIT in PH

Megaworld, the biggest developer and lessor of office space for call centers and other outsourcing companies, plans to raise ₱27.3 billion ($567 million) in the Philippines’ largest real estate investment trust offering.

The company plans to offer up to 1.24 billion shares at up to 22 pesos apiece, which would make it the country’s largest REIT assuming the overallotment option is exercised at that price. 

“Our tried-and-tested signature concept of the township has attracted over 200 BPO [business process outsourcing] and multinational companies to locate with us through the years since we started our first-ever Eastwood cyberpark in 1999,” said Kevin Tan, MREIT president and chief executive. 

Megaworld intends to reinvest the net proceeds from the offer in 16 projects in the Philippines.

Read more here

Start your
journey today

  • Independent
  • Free
  • Transparent

About OA

Outsource Accelerator is the trusted source of independent information, advisory and expert implementation of Business Process Outsourcing (BPO)

The #1 outsourcing authority

Outsource Accelerator offers the world’s leading aggregator marketplace for outsourcing. It specifically provides the conduit between Philippines outsourcing suppliers and the businesses – clients – across the globe.

The Outsource Accelerator website has over 5,000 articles, 350+ podcast episodes, and a comprehensive directory with 900+ BPO companies… all designed to make it easier for clients to learn about – and engage with – outsourcing.

About Derek Gallimore

Derek Gallimore has been in business for 20 years, outsourcing for over eight years, and has been living in Manila (the heart of global outsourcing) since 2014. Derek is the founder and CEO of Outsource Accelerator, and is regarded as a leading expert on all things outsourcing.

“Excellent service for outsourcing advice and expertise for my business.”

Learn more
Banner Image
Get 3 Free Quotes Verified Outsourcing Suppliers
3,000 firms.Just 2 minutes to complete.
SAVE UP TO
70% ON STAFF COSTS
Learn more

Connect with over 3,000 outsourcing services providers.

Banner Image

Transform your business with skilled offshore talent.

  • 3,000 firms
  • Simple
  • Transparent
Banner Image