The first phase alone will offer around 70,000 square meters of leasable office space, part of a planned 130,000-square-meter complex in Aseana City.
The firm is bullish on an eventual turnaround in the office segment. Industrywide vacancy in Metro Manila was estimated by Colliers Philippines at 19.7 percent in the first quarter of 2025.
Vacancies along Manila Bay are among the highest at 41.4 percent.
“We have always envisioned Aseana City as more than just a business district – it’s a community where work, leisure, and daily life intersect,” said Delfin Angelo “Buds” Wenceslao, CEO of DMW.
“Breaking ground on Aseana Plaza is a major step toward realizing that vision, creating a destination where global industry players and local communities converge,” Mr. Wenceslao added.
Once Phase 1 is completed, DMW’s total commercial footprint will exceed 300,000 square meters in gross leasable area.
The project targets global logistics firms, BPOs, and traditional corporates looking for modern, walkable business environments. Aseana Plaza will feature an open-air plaza connected to Parqal’s landscaped greenway and the estate’s upcoming skywalk system.
