Daichi Properties Acquires Local Property Management Agency
Manila, Philippines–In its bid to provide world-class services and boost its competitiveness as a premier real estate developer and services provider, Daiichi Properties, one of the leading office space developers in the Philippines, recently acquired Ascendas Services Philippines Corp. (Ascendas), the local unit of the Ascendas-Singbridge Group of Singapore.
Ascendas-Singbridge, a provider of sustainable urban solutions, has projects spanning townships, mixed-use developments, and business/industrial parks in 29 cities across 10 countries in the Asia-Pacific Region.
“The acquisition allows Daiichi Properties to leverage on Ascendas’ expertise in the property management business, which was built up by its own experience in the Philippines as well as the best-in-class practices of the Ascendas-Singbridge Group in managing its own properties across the Asia-Pacific region,” said Daiichi Properties senior vice president Charmaine Uy in a statement.
With 27 years of experience in real estate development, Daiichi Properties currently has a total of 228,000 square meters of office space built or being developed.