NEWS AND UPDATES

DMW Group of Companies continues to make strides in the real estate industry as it celebrates big wins in the recently concluded 10th Philippine Property Awards.

DMWAI’s subsidiaries – Aseana Residential Holdings, Corp. (ARHC) and Aseana Holdings Inc. (AHI) bagged the Best Completed Condo Development for Pixel Residences and the Highly Commended Award for 8912 Asean Ave. for the Best Office Architectural Design.

The awards night was organized by PropertyGuru, the leading property technology company in the region. The program awarded the leading property developers in the Philippines across 62 categories, and DMWAI’s architectural vision of a livable and sustainable city clinched two awards from two categories.

Pixel Residences is the first residential project of ARHC with construction commencing in 2019 and was fully turned over in 2021. The 15-story residential estate has 170 generous-sized units ranging from 36 to 88 square meters and offers hotel-like amenities such as fitness gym, kid’s daycare, swimming pool, and function hall.

DMWAI’S VERY OWN: Aseana Residential’s first residential estate, Pixel Residences bags the Best Completed Condo Development award in the recent 10th Philippine Property Awards.

Meanwhile, 8912 Asean Ave. is the biggest office development of DMWAI to date with approximately 69,000 sqm of leasable office and retail spaces. Its façade boasts of insulated glass units accentuated by orange vertical fins that allow its tenants to have an unobstructed view of Manila Bay while working.

REDEFINING WORKSPACE: Aseana’s 8912 Asean Ave office development bags the Highly Commended citation in the Best Office Architectural Design category at the 10th Philippine Property Awards.

“Filipino architecture has gone a long way from bahay na bato and bahay kubo, but what makes DMWAI’s architectural trademark completely grounded to our roots is because: it integrates sustainable living to heart. When we created our masterplan for Aseana City, we followed our vision of creating a breathable city that looks back on our Filipino architectural heritage of a sturdy, reliable yet livable community,” CEO of DMW Group of Companies Buds Wenceslao shares.

DMWAI wins at the 10th Philippine Property Awards strengthen the company’s commitment in creating a city that Filipinos can truly call home. DMWAI’s most anticipated residential and mixed-use developments – MidPark Towers and Parqal, are also set to open by 2023.

Paranaque City, Philippines, September 9, 2022 – D.M. Wenceslao & Associates, Inc.’s (DMW) wholly-owned subsidiary Aseana Residential Holdings topped off the fourth and final tower of its second residential project, the MidPark Towers.

Slated for completion in 2023, MidPark Towers is a modern architectural masterpiece perched on a highly coveted location in close proximity to Ayala Malls Manila Bay and DMW’s own 5-hectare mixed-use green development – Parqal.

MidPark Towers’ unit layouts are 40 sqm+/- studio unit, 52 sqm+/- one-bedroom unit, 80 sqm+/- two-bedroom unit, and a 120 sqm+/- three-bedroom unit. 

“We remained all systems go in our expansion projects despite the pandemic. Very soon, the residents of MidPark Towers will be able to enjoy the complete community of Aseana City; from the lush green landscapes and first-rate commercial outlets in Parqal just beside MidPark Towers to all the best-in-class locators in Aseana including the biggest Ayala Mall in the country, the soon-to-rise St. Luke’s Medical Center Aseana City, major warehouse shopping chains, top-grade offices, and major integrated resorts in Entertainment City,” said Mr. Delfin Angelo ‘Buds’ Wenceslao, Chief Executive Officer. “Residents will also enjoy ease of access and abundant means of transport through NAIA Expressway, Paranaque Integrated Terminal Exchange, the future LRT Line-1 extension, elevated walkways, and bike lanes across the estate,” Mr. Wenceslao highlighted.

The outlook for Philippine real estate is becoming brighter as more people return to onsite work and are looking for well-developed and accessible residential areas to live closer to their work, as Fiscal Incentives Review Board (FIRB) recently ordered a return-to-office or on-site work arrangement for registered business enterprises and outsourcing firms boosting consumer confidence in the residential property market.

Professional services and investment management company Colliers Philippines also noticed optimism across various property segments. Consumer confidence is seeing a boost as well. According to their recent Quarterly Residential Property Market report, residential vacancy rates are declining in Metro Manila as Q1 2022 reported a 17.8% vacancy rate with the succeeding Q2 projected to have a 17.2% vacancy rate after it skyrocketed to a record-high since 2020 due to pandemic.

The need for a residential estate with world-class amenities and generous home layout is something that MidPark Towers is preparing to fill for Filipinos.

Aseana Residential Holdings Corp. (ARHC)’s newest development, MidPark Towers, is a four-tower residential estate located at the heart of Aseana City – bay area’s emerging Central Business District. MidPark Towers is more than ready to fill the market need as the recent residential projection by Colliers estimates a total of 10,500 units being up and available in the market by end of 2022.

MidPark Towers follows the architectural vision of ARHC in redefining city living which dons the community with a pedestrian-friendly landscape with accessible connectivity to key transit points such as NAIA Expressway (NAIAx), LRT Line-1 Extension, and the Parañaque Integrated Terminal Exchange (PITx). Additionally, its prime location allows for accelerated mobility as it will be connected to key developments inside the community such as Parqal, Aseana City’s biggest linear mixed-use development, 8912 Asean Ave., a two-tower office building, Ayala Malls Manila Bay, the biggest mall in the Ayala Malls portfolio, and St. John Paul II Chapel.

Paranaque City, Philippines, June 6, 2022 – D.M. Wenceslao & Associates, Inc. (DMW) signed a Contract of Lease with St. Luke’s Medical Center, Inc. (SLMC) for a 13,896sqm parcel of land in AseanaCity. The lease period is 50 years commencing in June 2022.

The land lease will bring D.M. Wenceslao’s total leased out land to 164,895sqms and will augment its recurring income.

St. Luke’s Medical Center is recognized as the leading and most respected healthcare institution in the Philippines. Its two facilities in Quezon City and Global City, Taguig have a combined total of 1,146 rooms, with over 60,000 average in-patient admissions and 2.7 million outpatient consultations annually. In 2003, it was the first hospital in the country and the second in Asia to be accredited by the Joint Commission International (JCI)—the world’s leader in healthcare accreditation and quality improvement. In 2016, it was also the first in the country to be accredited by JCI as an Academic Medical Center Hospital.

“An integral part of holistic estate development is anticipating the needs of our locators. Immediate access to world-class healthcare institutions is a fundamental need that we have identified at the onset. To have St. Luke’s Medical Center, the country’s leading healthcare institution, fill this need is an important milestone for Aseana City,” said Mr. Delfin Angelo ‘Buds’ Wenceslao, Chief Executive Officer. “St. Luke’s Medical Center Aseana City solidifies Aseana’s status as a top mixed-used CBD destination of major brands and best-in-class institutions in the country,” Mr. Wenceslao highlighted.

“The rapidly growing Aseana City provides a compelling platform for St. Luke’s Medical Center to expand and scale operations to capture the robust healthcare growth in the country and in Southeast Asia,” said Dr. Arturo De La Peña, President and Chief Executive Officer of St. Luke’s Medical Center. “With proximate critical infrastructure connecting Aseana City to other Metro Manila CBDs, growing population centers south of Metro Manila, and to the Ninoy Aquino International Airport, St. Luke’s Medical Center Aseana City will be at the forefront of delivering high-quality patient-centered care and improving health outcomes through advanced technology,” Dr. De La Peña highlighted.

Paranaque City, Philippines, January 4, 2022 – In December 2021, D.M. Wenceslao & Associates, Inc. (DMW) signed a Contract of Lease with Landers for a 15,064sqm parcel of land in Aseana City. The lease term is 25 years.

Landers is a major membership shopping chain in the country with several branches in Metro Manila as well as in Cebu. Landers Superstores offer a wide array of local and international finds along with delectable in-house dining options.

“We are excited to host Landers in Aseana City; not only will this land lease be recurring income-accretive to DMW but will also advance our efforts to further increasing the diversity of major brands and essential locators in Aseana City,” said Mr. Delfin Angelo ‘Buds’ Wenceslao, Chief Executive Officer. “Landers has amassed significant following over the years; we look forward to the additional draw and the critical mass that Landers will bring to Aseana,” Mr. Wenceslao highlighted.

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