NEWS AND UPDATES

Aseana City, dubbed as the Bay Area’s ‘Next Generation City’, is set for the implementation of the next phase of its progressive plans for the masterplanned community through the construction of critical power facilities that will provide quality, reliable and sustainable electric service to its residents and locators. Via a collaborative real estate agreement with the Manila Electric Company (MERALCO), the Aseana-1 Substation Project is set to break ground in Q1 2021 and targeted for completion by 2H 2022.

 

Aseana City, a 107-hectare mixed-use development situated between the Mall of Asia Complex and the PAGCOR Entertainment City, is one of the fastest growing master planned township projects in the country developed by D.M. Wenceslao and Associates, Inc (PSE: DMW). Its existing locators include City of Dreams Manila, Ayala Malls Manila Bay, S&R Membership Shopping, Department of Foreign Affairs, Singapore School Manila, Sequioa Hotel, Honda Manila Bay, among others.

 

Pixel Residences – one of the prime residential developments inside Aseana City.

 

Through its partnership with Meralco, D.M. Wenceslao Group fulfills its commitment to provide world class infrstructure for its locators and residents. The forthcoming substation will further enhance energy efficiency and strengthen the power supply capacity in the entire Aseana City estate. “Aseana City is a master-planned community that connects people to home, work, play, and more. And as our community continues to grow, we want to give them the security and assurance of future-proof resources that are mindfully-designed to allow them to live a comfortable life”, shared Buds Wenceslao, CEO of DMW Group.

 

 

 

With the year coming to a close, D.M. Wenceslao and Associates, Inc. (PSE: DMW) marks another milestone as two of its commercial mixed use projects, (Aseana) Parqal and Aseana Plaza, were chosen to exclusively represent the Philippines in Architecture@20 – an architectural yearbook that features projects that are located in modern cities across Asia Pacific such as China & Hong Kong, Indonesia, Malaysia, Myanmar, Singapore, Thailand, and Vietnam.

 

Parqal and Aseana Plaza

 

Parqal is a five-hectare mixed-use development that has a gross floor area (GFA) of 78,000 square meters. It is composed of nine independent four-story buildings that will occupy two blocks of Macapagal Boulevard. Reimagining the local street park  experience into an integrated urban street with modern conveniences, Parqal is set to become the ideal model of a community-focused development by enriching the residents through its wealthy selection of services and facilities that include a spinal greenway, lush greenery, office suites, shops and retails, and dining establishments.  Moreover, pedestrians can have the luxury of walking seamlessly from major focal points in Aseana City in a climate protected environment. With its impressive accessibility and connectivity plan, Parqal merges not only the outdoor and indoor living but also public and private spaces. The development was thoughtfully designed by AEDAS, an international architecture and design firm in collaboration with local architecture heavyweight, Visionarch.

 

Rising as the largest commercial expanse to date of the DMW Group with a total leasable gross floor area of 153, 250 sqm is a four-tower office development known as Aseana Plaza. A well-crafted modern contemporary architecture, Aseana Plaza envisions to promote a healthy workplace setting by providing the business community with relaxing office spaces, a landscaped environment and enhanced pedestrian mobility through skybridge connections to current and future developments in Aseana City. Further, the project is conveniently accessible via major thoroughfares and houses a variety of dining and retail experiences.

 

“As the master developer of Aseana City, strengthening the livability aspect of our projects is our passion and commitment. We also strive to ensure that we deliver world class public and private spaces to our tenants, investors, and residents as we continuously learn and reinforce holistic designs through these changing times, said Buds Wenceslao, CEO of DMWAI.”

 

 

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ABOUT D.M. WENCESLAO & ASSOCIATES, INCORPORATED

DMW is an integrated property developer with expertise in real estate and. It is the master developer and primary owner of Aseana City, a development project with a total land area of 107.5 hectares located along the coastal waters of Manila Bay. Since 1965, DMW has reclaimed more than 2.4 million square meters of land, leased or developed 245,000 square meters of land and buildings, and completed over 140 construction and infrastructure projects including large, complex government developments throughout the Philippines. For further information, visit dmwai.com or contact iro@dmwai.com

Makati, Philippines – D.M. Wenceslao Group (PSE:DMW), through its residential development arm, Aseana Residential Holdings Corp. (ARHC), acquired a 1,600 sqm building in Legazpi Village, Makati City. Legazpi Village, a walkable neighborhood in the Makati Central Business District, known as haven for young professionals and families with its offering of new retail concepts, restaurants, and relaxing retreats of parks and open spaces.

The company stated that it plans to build an upscale residential condominium in the area.

“This has been a challenging year for the real estate sector with the impact of the pandemic. However, we remain optimistic in the market fundamentals and the prime location of the neighborhood. We believe that this property allows the company to expand and diversify our investment portfolio and development pipeline. While Aseana City remains our flagship project, we will continue to seek opportunities in prime locations even in this current environment, said DMW CEO, Mr. Buds Wenceslao in a statement.

 

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ABOUT D.M. WENCESLAO & ASSOCIATES, INCORPORATED

DMW is an integrated property developer with expertise in land reclamation, construction and real estate development. It is the master developer and primary owner of Aseana City, a development project with a total land area of 107.5 hectares located along the coastal waters of Manila Bay. Since 1965, DMW has reclaimed more than 2.4 million square meters of land, leased or developed 245,000 square meters of land and buildings, and completed over 140 construction and infrastructure projects including large, complex government developments throughout the Philippines. For further information, visit dmwai.com.

Parañaque, Philippines – As the ongoing rise of Covid-19 cases continue to disrupt business operations, brand events, and company celebrations both local and abroad, Aseana Holdings Inc. welcomed the second half of the year with the topping off ceremony of 8912 Asean Ave. Building, the newest and most sophisticated office development to date in Aseana City.

While it remained a quiet milestone because of the pandemic, DMWAI CEO, Buds Wenceslao expressed his positive outlook on the construction and real estate landscape. “We are in the phase of uncertainty and hesitancy as Covid-19 has proved to be a strong adversary to businesses causing refinancing, economic downturn, and immediate and catastrophic effect to different income groups. However, celebrating a milestone of one of our developments that is included in our 5-year pipeline projects despite the challenges that we are currently facing is something that should not be overlooked. This only demonstrates the dedication, commitment and competence of our team and the trust that we have earned in the decades-long relationships and partnerships with our internal and external stakeholders, clients and vendors.”

8912 Asean Ave. is a 15-storey office development along Asean Avenue with two interconnected towers right across Ayala Malls Manila Bay, the flagship mall of the Ayala Malls group. The project has approximately 69,000 sqm of leasable office and retail spaces with four levels of parking.

8912 Asean Ave. Building is slated for completion on the first half of 2021.

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ABOUT ASEANA HOLDINGS INC. (AHI)

Aseana Holdings Inc. is a 100% owned subsidiary of D.M. Wenceslao & Associates Inc. (DMW) – master developer and primary owner of Aseana City. Formed in 2003, Aseana Holdings Inc. was organized to cater to the development potential of Aseana City. Aseana City is a development project with a total land area of 107.5 hectares located along the coastal waters of Manila Bay. For further information, visit www.aseanacity.com.

D.M. Wenceslao and Associates Inc. has allocated P100 million as emergency contingency funds for its employees and tenants during the coronavirus disease 2019 (Covid-19) pandemic.

In a statement, D.M. Wenceslao Chairman Delfin Wenceslao said these funds would be used to ensure the continued payment of wages and leave conversions, and extension of financial assistance to employees.

“To commence this support and to alleviate the concern of our people, we are announcing that salaries for the next two successive periods shall be disbursed in advance, effective immediately,” he added.

Wenceslao also said his company had allotted funds to assist communities bordering its projects.

The listed property company would grant rent concessions for qualified tenants affected by the Luzon-wide enhanced community quarantine.

The island has been on lockdown since March 17 to contain the spread of the coronavirus disease 2019, which has infected

“As we have always stated, the DM Wenceslao Group always views any relationship with our stakeholders, both internal and external, as long-term partnerships,” Wenceslao said.

“We shall continue to have a positive and lasting impact in our communities, wherever and whenever our company is present and needed,” he added.

D.M. Wenceslao shares increased by 15 centavos or 2.22 percent to close at P6.90 each on Wednesday.

 

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