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Manila Bulletin devider Property and Living devider DDMP REIT on track to achieve 95% occupancy by end of 2023

DDMP REIT on track to achieve 95% occupancy by end of 2023

DoubleDragon Plaza at DD Meridian Park as a complex brings advantage to a variety of office tenants

Published Aug 21, 2023 04:24 pm

DDMP REIT Inc. announced that it has received payment of ₱55.26 million as rental deposits for 15,100 square meters or 1.51 hectares of new office space lease with total lease value of ₱798.81 million. The new office space lease take up is expected to form part of the goal of DDMP REIT Inc. to achieve 95 percent occupancy by the end of 2023.

DoubleDragon Plaza at DD Meridian Park is positioned as a mini-central business district (CBD) in the Bay Area given its prime landmark double corner location of EDSA, Roxas Boulevard, and Macapagal Avenue in the Bay Area, Pasay City.

image (20).jpgDoubleDragon Plaza at DD Meridian Park

DoubleDragon Plaza is LEED Gold certified and currently houses two government agency headquarters, namely PEZA (Philippine Economic Zone Authority) and TIEZA (Tourism Infrastructure Economic Zone Authority) and expects to soon welcome an additional third government agency to relocate its headquarters in the complex, in addition to many private corporate head offices in the complex.

DoubleDragon Plaza at DD Meridian Park as a complex brings advantage to a variety of office tenants whether corporations, government agencies, or BPO companies, given its prime landmark location with various top food chain brands on the ground floor such as Jollibee, Mang Inasal, and many others. 

It is also the only complex in the area that has eight commercial banks (Landbank, RCBC, PNB, BPI, AUB, Unionbank, Chinabank, and BDO) making it convenient for office tenants to complete their banking transactions. 

image (19).jpgDD Meridian Park is like a mini-CBD in the Bay Area.

The dining and banking options are further complemented by a supermarket, MerryMart Grocery, located at the ground floor of DoubleDragon Plaza. The complex also houses thousands of parking slots, with a separate conveniently located parking area at the basement solely dedicated for outside customers who visit either for business meetings or leisure.

“During economic crisis, office tenants will have so many choices to choose from a bunch of available office spaces, but when the smoke starts to clear, office tenants, especially corporate offices, will choose efficient and newly built LEED Gold buildings such as DoubleDragon Plaza at DD Meridian Park in prime locations that will bring better value than alternative CBDs,” said DDMP REIT Inc. chairman Edgar Injap Sia II.

DoubleDragon Plaza is located just 10 to 15 minutes' drive to NAIA via NAIAx, a few minutes' drive to the top convention centers in the Philippines (PICC, SMX, and World Trade Center), and not too far from other CBDs in Metro Manila.

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DDMP REIT Inc. DoubleDragon MBPropertyLiving
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