D.M. Wenceslao and Associates, Inc. (DMW) has inaugurated its five-story mixed-use building located along Jupiter Street in Makati City, the company told the exchange on Thursday.
58 Jupiter Commercial Building will bring in over 2,000 square meters (sq.m.) of gross leasable area (GLA) to the market.
“58 Jupiter is our first constructed-commercial asset in Makati City,” DMW Chief Executive Officer Delfin Angelo C. Wenceslao said.
The new commercial building will have a vertical garden, rain harvesting planters, and operable pivoted windows. It will cater to food and other retailers.
The 22,000-sq.m. 58 Jupiter increased DMW’s total building leasing space to 162,000 sq.m.
“The completion of 58 Jupiter further advances our diversification efforts,” Mr. Wenceslao said.
The company said it plans to pursue projects where it sees “pockets of opportunities.”
“Last year, we purchased a property in Legazpi, Makati, where we envision to build an upscale residential condominium,” Mr. Wenceslao said.
DMW said it is experienced in planning, design, and execution. The listed company is the master developer and owner of 107.5-hectare Aseana City, which is located along Manila Bay.
“We bring these internal capabilities and extensive experience from developing our Aseana City assets into locations outside of Aseana,” Mr. Wenceslao said.
On Thursday, DMW shares at the local bourse declined 0.29% or two centavos to close at P6.90 apiece. — Keren Concepcion G. Valmonte