DM Wenceslao says new project to boost recurring income

Aseana City developer DM Wenceslao said it newest mixed-use development Parqal will add significantly to its leasable space.

Watch more on iWantTFC MANILA -- Aseana City developer DM Wenceslao on Thursday said it newest mixed-use development Parqal will add significantly to its leasable space, helping recurring income to beat pre-pandemic levels by next year.

DM Wenceslao president and chief executive officer Delfin Angelo “Buds” C. Wenceslao said Parqal, their flagship development in ASEANA City, will add close to about 70,000 square meters of leasable area, bringing their total portfolio to about 230,000 sqm. "We're pretty confident about the increase in takeup in our commercial properties, actually that’s been one of our strongest leasing years, even counting during pre-pandemic levels," the executive said.

"So we’re confident that our recurring income, which is the bulk of our revenue streams will go back to its, will actually exceed our pre-pandemic levels," he said.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

ANCALERTS /  🏆 26. in PH

Philippines Latest News, Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Quezon City named most competitive LGU anewQuezon City remains to be the country’s most competitive local government unit in the highly urbanized cities category of the Department of Trade and Industry Cities and Municipalities Competitiveness Index.
Read more »

Quezon City named most competitive LGUQuezon City has been named as the country’s Most Competitive Local Government Unit under the Highly Urbanized Cities category of
Read more »

Tagum City bats for local registration of non-DOT accredited accommodationsTagum City Tourism Arts and Culture Council president Alma Uy on Tuesday said that they are proposing for the local City Council to come up with a local registration for accommodation establishments that have not passed the accreditation of the Department of Tourism (DOT). “Hindi kasi sila puma
Read more »

Baguio city council hits terrorist designation on 4 Cordillera activistsBAGUIO CITY, Philippines - The city council of the Cordillera Administrative Region's major local government unit urged the Anti-Terrorism Council on
Read more »