sMirror
Wednesday, November 28, 2018 E3
NEW LUXURY RESIDENTIAL ENCLAVE
TO RISE IN ASEANA CITY A
SEANA Residential Holdings Corp. (ARHC)—a subsidiary of publicly listed D.M. Wenceslao & Associates Inc. (DMWAI)—is launching its latest residential project, MidPark Towers, designed to meet the demand for convenient and comfortable living spaces at a prime master-planned community in the Bay Area.
TWO-BEDROOM unit
MidPark Towers is a four-tower residential project at DMWAI’s flagship project Aseana City—an emerging business and tourist destination in the Metro and is currently home to residential condominiums, international schools, dining and retail centers, and office spaces, among others. The newest luxury residential enclave shall stand between Aseana City’s Greenway Project and the company’s fourth office development, 8912 Aseana Avenue, which will have convenient access
to the Ayala Malls Bay Area through elevated walkways. Residents of MidPark Towers are expected to enjoy unparalleled connectivity with several transit points within the vicinity, such as the Ninoy Aquino International Airport Expressway, LRT 1 extension and the newly launched Parañaque Integrated Terminal Exchange, altogether bringing places of interest much closer to home. “We are focusing on larger-format units in this project. We’ve noticed that the existing residential
MIDPARK Towers
spaces in Manila Bay area are limited to smaller studios and compact onebedroom options. We wish to widen such housing choices so we conceptualized MidPark Towers with balanced unit mix and sizes,” said DMWAI CEO Buds C. Wenceslao. In a November disclosure to the Philippine Stock Exchange, DMWAI announced that ARHC has been issued a license-to-sell
(LTS) for MidPark Towers, and is now ready to offer its first two -towers, which will offer a livable mix of studios, one-bedroom, twobedroom and three-bedroom units ranging from 36 square meter to 105 sq m. The two towers will have 15 stories comprising 309 wellappointed living spaces. MidPark Towers residents will also enjoy an abundance of well-
8990 Holdings introduces ₧5-billion hotel
8990 Holdings Inc. Chairman Mariano Martinez, 8990 Holdings Inc. President and Chief Executive Officer Willie J. Uy, and 8990 Leisure and Resorts President Lowell Yu By Roderick L. Abad @rodrik_28 Contributor
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EW hospitality player 8990 Leisure and Resorts is investing P5 billion to develop a diverse line of hotels, resorts and luxury establishments, with a total of 3,000 rooms by 2023. “The Philippine leisure and hospitality industry is on an upswing with the current administration focusing on tourism development. The launch of 8990 Leisure and Resorts definitely comes at a perfect time,” said Willie J. Uy, president and CEO of 8990 Holdings Inc.
Such an initiative is also driven by the success of the group’s two full-service hotel properties under the Azalea brand in Baguio and Boracay, each with a room inventory of 99 and 272 units, respectively. “The same people have bought from us that also use those hotels. And a lot of them really save a lot of money just so that they can use the hotels. So we realized that there’s an opportunity, without having to sacrifice a lot in terms of their cost for transportation, cost for the room itself, and the experience of the locality,” 8990 Holdings Inc. Chairman Mariano Martinez told reporters in
an interview during their launch event held recently at The Green Sun Hotel in Makati City. “Because we’ve built up on the expertise and because we have goodwill for our buyers, we felt that they would look to us for a trusted brand or for a trusted place where they can stay,” he added. Offering world-class accommodation services and amenities to professionals or vacationers, various brands in the pipeline include the five-star luxury family resort Adama, luxury hotel Kura and resident urban hotel Argo. “Urban Hotel Argo is really for the explorers—those that want a comfortable
room, but doesn’t want to splurge on amenities. They are there to explore the locality,” explained Lowell Yu, president of 8990 Leisure and Resorts. Kura targets those who want the finer things and comfort on a hotel setup, while Adama is designed as a luxurious type of resort, according to him. “But the difference of Adama compared to the rest of the resorts is all of its activities are toward a family interaction activities,” he pointed out. These exclusive hotels and resorts will open in different parts of the country: Cebu, Makati, Davao, Palawan, Boracay, Siquijor, Alabang, Manila, Iloilo, Legazpi, Clark, Lapu-Lapu, Siargao and Baguio. Yu said that a lot of which, particularly in Cebu, Siquijor and Alabang, will break the grounds in the first quarter of next year, as they plan to complete all their projects in 14 locations over the next five years. 8990 Leisure and Resorts is a subsidiary of publicly listed housing developer 8990 Holdings Inc. Its success, which has seen the company acquiring a record-high net income of P3.4 billion in the first three quarters of 2018, promises a bright future for the company’s foray into the leisure and hospitality industry. “This is a good recurring income for us,” Martinez said of 8990 Leisure and Resorts. “Moving forward over a five-year term, we want to grow it from what it is today to at least 20 to 25 percent in terms of [contribution to] gross revenues and in terms of income of the group.”
ness and leisure facilities that will include a gym, swimming pools, game room, library/lounge area, kids’ playroom and function room, as well as Aseana City’s world-class public security and safety services made possible by its advanced city management technology. “All of these developments are part of our vision to provide the community with convenient lifestyles
and to let them experience city life to the fullest,” Wenceslao added. MidPark Towers is DMWAI’s second foray into residential condominium development in Aseana City, following through the resounding success of Pixel Residences. It is just one among a number of projects that will breathe dynamic vibe into Aseana City as the “nextgeneration city.”
COMMUNITY
JDI donates waterproofing products to various schools and barangays in Northern Luzon, including Tamurong Elementary School in Barangay Tamurong, Candon, Ilocos Sur.
JDI reaches out to schools in Northern Luzon
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OR Jardine Distribution Inc. (JDI), being a trusted industry leader means more than just providing quality products and services. Through its corporate social responsibility efforts, JDI has, through the years, displayed good corporate citizenship by providing support for the country’s education sector. Recently, JDI went to Typhoon Ompong-hit areas of La Union, Ilocos Sur and Benguet to reach out to the schools destroyed by the storm and donated its elastomeric sealant, Sureseal, for the repairs of roofs. Among the schools that JDI visited were Bayugan Elementary School in La Trinidad, Benguet; Paringao Elementary School in Bauang, La Union; Tamurong Elementary School in Candon, Ilocos Sur; and Catbangen Central School in San
Fernando, La Union. In 2013, after the record-breaking Supertyphoon Yolanda (international code name Haiyan) pummeled Leyte and Samar, JDI was also among the first to contribute to recovery efforts by donating tents and school supplies to affected schools and students. “Education has always been a huge part of our corporate social responsibility, because we believe that educating the youth and supporting educational institutions are key to our bigger purpose of nurturing and caring for the Filipino home,” said Peachy Tiu, assistant vice president of JDI. “By helping in building strong schools and strong minds, we are confident that our future is in good hands,” Tiu added. For more information, visit www. jardinedistribution.com.