D.M. Wenceslao & Associates Inc. (DMW), the listed property developer, has expanded its footprint anew with the development of its first commercial asset in Makati.
DMW recently inaugurated 58 Jupiter, a five-story mixed-use building with over 2,000 square meters of gross leasable area (GLA) located along Jupiter Street in Makati.
Delfin Angelo ‘Buds’ Wenceslao, DMW CEO said the new development will cater to a wide array of retail establishments including food and non-food merchants.
The development will feature a vertical garden, rain harvesting planters for irrigation, and operable pivoted windows.
“58 Jupiter is our first constructed-commercial asset in Makati City. DMW has the internal capabilities and expertise in planning, design, and execution; we bring these internal capabilities and extensive experience from developing our Aseana City assets into locations outside of Aseana, where we see pockets of opportunities,” said Wenceslao.
The completion of 58 Jupiter brought DMW’s total building leasing space to over 162,000 sqm.
“The completion of 58 Jupiter further advances our diversification efforts; last year we purchased a property in Legazpi, Makati, where we envision to build an upscale residential condominium,” Wenceslao also said.
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 250,000 square meters of land and buildings, and completed over 140 construction and infrastructure projects including large, complex government developments throughout the Philippines.
The company is owned by the Wenceslao Family, which increased its stake in the listed firm through the family-owned holding company WHC Inc. (WHCI).
In a regulatory filing last August, DMW, the listed property company, said the Wenceslao family consolidated their shareholding under WHCI for “estate planning purposes.”
Photo from DM Wenceslao Group/Facebook