Menarco Development

What Menarco Development does

Menarco Development Corporation is a Philippine boutique real estate developer founded in 2014 by Menardo R. Jimenez (GMA Network) and his daughter Carmen Jimenez-Ong. The company develops and operates premium, sustainability-certified commercial office space under a "human-centered" design philosophy, with its flagship asset being Menarco Tower — a 32-storey, 48,580 sqm boutique office property at 32nd Street, Bonifacio Global City, Taguig.

The Tower integrates advanced building systems including VRF inverter air-conditioning, MERV 13 hospital-grade air filtration with Energy Recovery Ventilation, an Integrated Building Management System (IBMS), IoT environmental monitoring via uHoo sensors, double-glazed IGU glass with Low-E coating, and decentralized DOAS ventilation. It is powered by geothermal renewable energy and incorporates a greywater/rainwater harvesting system achieving 69% water savings. Supporting the property are two experiential sub-brands: the Menarco Vertical Museum (a curated collection of 47 Filipino contemporary artworks displayed throughout the floors) and The Yard @ 8F (a curated food hall and event venue). The company also offers sustainability consulting services drawing on its operational expertise.

Commercially, Menarco operates a subscription-recurring direct-lease model, targeting enterprise corporate tenants and ESG-committed multinationals with flexible floor configurations (1,229 sqm floor plates divisible into 2, 3, or 4 units) in BGC's premier business district. Revenue is not publicly disclosed; the company is privately held, family-controlled (Jimenez family), with a headcount of 11–50 employees and no external institutional investors identified. Distribution is direct via enterprise field sales; marketing relies on earned media, industry awards (ULI APAC, Real Estate Asia, Asia Pacific Property Awards, Tatler Asia), and thought-leadership content.

Name

Menarco Development

Legal name

Menarco Development Corporation

Website

https://menarco.com.ph

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

11–50 employees

Short description

Menarco Development Corporation is a Philippine boutique real estate developer that builds and operates Menarco Tower, a 32-storey, 48,580 sqm WELL Gold and LEED Gold certified office building in Bonifacio Global City, Taguig, leased directly to enterprise tenants and ESG-committed multinationals.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Development

NAICS

Commercial and Institutional Building Construction (236220), Nonresidential Building Construction (2362)

SIC

Operative Builders (1531), Operators Of Nonresidential Buildings (6512)

akta.pro primary industry

Office & Corporate Building Construction (IMAFACAA)

Keywords

• Sustainable real estate
• Wellness office spaces
• Green building development
• Commercial property leasing
• Boutique office development

Headquarters

HQ city

Taguig

HQ country

Philippines

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Technology or R&D, Personnel, Marketing or Sales

Revenue model

1. Commercial Office Space Leasing: Menarco Development generates revenue primarily through leasing premium commercial office spaces in Menarco Tower. The tower offers flexible floor configurations (1,229 sqm floors divisible into 2, 3, or 4 units), targeting enterprise tenants seeking wellness-certified workspace.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Menarco Development Corporation is a Philippine boutique real estate developer that builds, owns, and leases premium commercial office space through its flagship Menarco Tower, a 32-storey, 48,580 sqm office building in Bonifacio Global City, Taguig. The tower is certified WELL Gold and LEED Gold and is positioned as the healthiest corporate building in Southeast Asia. Supporting offerings include the Menarco Vertical Museum (a curated Filipino contemporary art collection) and The Yard @ 8F (an amenity food/event space for tenants), with adjacent sustainability advisory services drawn from the company's own building practices.

Product overview

Menarco Development Corp is a Philippine real estate developer offering a portfolio of sustainable, human-centered commercial properties and services. The core offering centers on Menarco Tower, a 32-storey boutique office development in Bonifacio Global City, which serves as both a flagship property and proof-of-concept for the company's wellness-focused development philosophy. Complementing the tower are the Menarco Vertical Museum (a curated collection of Filipino contemporary art displayed throughout the building) and The Yard @ 8F (an amenity space providing food service and event venues). The company also offers sustainability consulting services drawing from its operational expertise. The product ecosystem is unified by the company's 'We Build Better' purpose statement and commitment to ESG principles.

Differentiator

Problem solved

Functional benefit

Brands

• Menarco Vertical Museum: A curated collection of Filipino contemporary art displayed throughout Menarco Tower's floors, comprising 39-47 works covering the period from the beginnings of modernism to the present.
• The Yard

Quantifiable outcome

• 40% increase in productivity attributed to art in workplace
• +4 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Seven partnerships are on record, tiered core, major and minor.

• Silverlens GallerycoreStrategic or Co-development PartnerCollaboration with Silverlens Gallery and its founder Isa Lorenzo for curating and managing the Menarco Vertical Museum art collection. Silverlens provides expertise in contemporary Filipino art curation and helps expand the collection with new acquisitions.
• DATEMcoreStrategic or Co-development PartnerDesign and engineering firm partnership for Menarco Tower development. DATEM contributed to the award-winning design of the building.
• JACMIcoreStrategic or Co-development PartnerArchitecture firm partnership for Menarco Tower design, contributing to the building's contemporary, elegant architecture.
• AideacoreStrategic or Co-development PartnerHighly acclaimed architecture firm that led the design of Menarco Tower, creating an intentional departure from current trends with quiet elegance and underlying fortitude.
• CS DesigncoreStrategic or Co-development PartnerDesign firm partnership for Menarco Tower, contributing to the award-winning architecture and interior design.
• ArcadismajorImplementation/ SI/ Consulting PartnerConstruction Cost Consultants and LEED/WELL Consultants on the Menarco Tower project. Former Operations Manager Michael Hearn served as WELL consultant providing technical expertise for certifications.
• Coffee Bean & Tea LeafminorOthersOperating a cafe outlet within Menarco Tower at The Yard, providing food and beverage options for tenants and visitors.

Scale indicators7 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Megaworld Corporation: Megaworld is the master developer of Bonifacio Global City and operates a large portfolio of Grade A office towers in the same micro-market where Menarco Tower is located, directly competing for similar enterprise tenants.
• Federal Land: Federal Land is a GT Capital Holdings-backed developer with premium condominium and mixed-use developments in BGC and Metro Manila, competing for the same upscale corporate and executive clientele as Menarco.
• Shang Properties: Shang Properties is a high-end Philippine developer (Shangri-La at the Fort, Shang Salcedo Place) operating in BGC and Ortigas, targeting the same premium corporate tenant segment as Menarco Tower.
• DoubleDragon Properties: DoubleDragon develops commercial-lease focused properties (including DD Meridian Park near BGC) and competes for institutional office tenants seeking modern, well-certified workspace in Metro Manila.

Broad incumbents

• Ayala Land: Ayala Land is the Philippines' largest diversified real estate developer with a broad portfolio spanning residential, office (e.g., Ayala Triangle, Makati CBD, BGC), and malls. It is the dominant incumbent competing against Menarco for premium enterprise tenants.
• SM Prime Holdings: SM Prime is one of the Philippines' largest integrated property developers with significant commercial-office exposure; it sets broader market pricing benchmarks that Menarco must track for comparable Grade A stock.
• Robinsons Land Corporation: Robinsons Land is a diversified Philippine developer with Grade A office stock in BGC and other CBDs, competing for similar enterprise corporate and BPO tenants at scale.
• Hongkong Land: Hongkong Land is a premium Grade A office landlord across Asia (including Exchange Square in HK and central business districts elsewhere) that has published sustainability targets comparable to Menarco's, though at much greater scale and in different geographies.
• Filinvest Land: Filinvest Land is a major Philippine developer with office and mixed-use assets in Metro Manila and key provincial CBDs, presenting an indirect alternative for enterprise tenants considering BGC office space.

Regional players

• Aboitiz Land: Aboitiz Land is a Philippine developer (part of Aboitiz Group) that has publicly emphasized sustainability, ESG, and green-building practices — overlapping with Menarco's wellness narrative, though their portfolio skews more residential/mixed-use outside BGC.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/menarcodevcorp
• YouTubeyoutu.be/eUTbsWXRyH0
• Facebookfacebook.com/MenarcoDevelopment
• Instagraminstagram.com/menarcodevelopment
• LinkedInlinkedin.com/company/menarco-development-corporation

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Menarco Development