Listed D.M. Wenceslao Completes New Building

D.M. Wenceslao & Associates, Inc.’s (DMW) building leasing space jumped 76% to 160,000sqms GLA following the completion of its largest office development yet, the 69,000sqm GLA 8912 Asean Ave.

Photo Insert: 8912 Asean Avenue

Standing at 15-storeys, 8912 Asean Ave. is situated along Asean Avenue with convenient access to retail options at Ayala Mall Manila Bay just across the street and soon-to-be connected through an elevated walkway.

Among its key features are 100% backup power, Variable Refrigerant Flow (VRF) Air-conditioning, high allowances, and redundancies of utilities per square meter, double-glazed curtain wall, and space planning flexibility, which are expected to attract a wide array of tenants including traditional corporate office and BPO tenants, among others.

“8912 Asean Ave. forms part of the expansion plan we laid out during our IPO. We remain committed to enhancing shareholder value through delivery of value-adding developments, which drive towards the execution of our master plan for Aseana City,” said Delfin Angelo ‘Buds’ Wenceslao, Chief Executive Officer.

“The completion of our largest office development to date is another milestone for our company and is testament to our execution capacity. We are excited to reach this stage where we now extract value from our recurring income developments; in addition to 8912 Asean Ave., we still have 2 commercial buildings scheduled for completion in the immediate future -- 58 Jupiter is expected to be completed this year while Parqal is scheduled for completion next year.

Together, these two will add another 72,000sqms GLA to our building leasing space. The completion of these developments couldn’t have been timed better, conveniently coinciding with the country’s vaccination-driven recovery,” Wenceslao highlighted.

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