ON AUG. 22, 2023, DoubleDragon’s subsidiary conducted a Topping Off of ASCOTT at DD Meridian Park in Pasay City, Metro Manila as the building structure and topmost floor of the project has been completed.
ASCOTT-DD Meridian Park, with over 300 luxury serviced residences located right behind DoubleDragon Plaza, is expected to be operational and begin to generate recurring revenues by 2024.
The premium luxury development ASCOTT-DD Meridian Park will complete and further enhance the mix of the whole complex as it is positioned to be the Mini-CBD (Central Business District) in the Bay Area of Pasay City, Metro Manila.
The Ascott Limited is a subsidiary of Singapore-based property company Capital Land, which has operations worldwide will operate and manage Ascott-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 their 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 undeniable advantage to a variety of office tenants whether corporations, government agencies or BPO companies, given its very prime landmark location with various top food chain brands in the Ground Floor such as Jollibee, Mang Inasal and many others.
DD Meridian Park is like a mini-CBD in the Bay Area being the only complex in the area that has eight commercial banks (Landbank, RCBC, PNB, BPI, AUB, Unionbank, Chinabank, and BDO) making it uniquely convenient for office tenants to complete their banking transactions all within their proximity.
These dining and banking options are further complemented by a full-sized supermarket, MerryMart Grocery, located at the Ground Floor of DoubleDragon Plaza.
The complex also houses thousands of parking slots, with a separate conveniently located large parking area at the basement solely dedicated for outside customers who visit DD Meridian Park either for business meetings or leisure.
DoubleDragon Plaza is located in a landmark double corner location, just 10-15 minutes rive to the Ninoy Aquino International Airport via NAIAx, a few minutes’ drive to the Top 3 convention centers in the Philippines (Philippine International Convention Center, SMX and World Trade Center), and not too far from other CBDs in Metro Manila.
The five-hectare DoubleDragon Meridian Park complex is expected to be fully developed by 2024 and to become a fully mature prime hard asset portfolio, generating optimum level of recurring revenues by 2025./PN
