MANILA, Philippines — Integrated construction and real estate developer D.M. Wenceslao & Associates Inc. (DMWAI) is looking at landing government infrastructure projects on top of those within its own 107 hectare Aseana City.
“We are a AAAA general contractor, one of less than 20 in the country, and are in a position to take advantage of the government’s massive infrastructure program, especially in our core areas of horizontal infrastructure and construction, foundation works and marine construction “ said DMWAI chief executive officer Delfin Angelo Wenceslao.
The company has completed over 100 construction and infrastructure projects throughout the country and reclaimed the land hosting its Aseana City, the Solaire, Resorts World’s West Side City and City of Dreams entertainment projects.
Wenceslao did not disclose the projects they are looking at but said the company has several construction projects in Aseana City, which include the mall being put up by Ayala Land next to Solaire and City of Dreams Manila.
When it sells or leases land in Aseana, DMWAI negotiates to have the first right to build for the buyer or the lessee, or the right to match the lowest bid of contractors, Wenceslao said.
“We also have our own projects in Aseana which will be a central business district in the coming years within the huge development encompassing the Entertainment City, Mall of Asia, the Senate and various other developments,” he said.
DMWAI helped the government reclaim 2.04 million square meter in the Manila Bay area. It is now the country’s fastest-growing commercial business district.
The company owns 568,000 sqm for its flagship project in Aseana City. Out of this, about 292,000 sqm are available for development.
It also has 208,000 sqm of landbank located in various other locations in the Philippines.
“This distinguishes us from other property developers who have to rely on locating and acquiring suitable land for their developments at significantly higher costs, providing us a premium competitive advantage over our competitors,” Wenceslao said.
Its wide range of expertise, including survey and planning, foundation works, engineering, and architectural and project management services, allows DMWAI to provide its customers one-stop solutions.
DMWAI currently has three residential and six commercial developments under way in Aseana. All will be completed in five years.