Insider Spotlight
The company said 8912 Asean Ave has been declared a PEZA-registered Information Technology Special Economic Zone, allowing qualified locators to enjoy fiscal and nonfiscal incentives under the investment promotion agency.
Why it matters
PEZA registration remains a critical factor for IT-BPM and global services firms seeking regulatory stability and competitive incentives, particularly as new PEZA-accredited office supply in Metro Manila remains limited.
With about 100,000 square meters of floor area, 8912 Asean Ave is now the largest PEZA-accredited office building in the D.M. Wenceslao portfolio.
The accreditation adds the project to Aseana City’s growing roster of PEZA-registered office developments, which already includes Aseana One, Aseana Two, and Aseana Three.
Between the lines
The expansion of PEZA-registered space underscores Aseana City’s readiness to capture future demand from multinational firms, shared services operations, and other high-growth industries seeking long-term locations.
In the middle of the disclosure, the company said in a press statement that the accreditation reflects its broader strategy of strengthening Aseana City as a fully integrated business district capable of supporting global locators.
Strategically located along Asean Avenue, 8912 Asean Ave benefits from direct access to major transport infrastructure, including proximity to NAIA, PITX, and the LRT-1 Redemptorist–Aseana Station.
The building also offers seamless connectivity to retail, lifestyle, and institutional uses within the Aseana City estate.
Beyond supporting business expansion, the PEZA accreditation of 8912 Asean Ave is expected to contribute to broader nation-building goals by attracting investments that generate employment, develop skills, and reinforce the Philippines’ position as a leading global hub for technology-enabled services.
Thriving business district
“The PEZA accreditation of 8912 Asean Ave underscores the strength of Aseana City as a business destination,” said Delfin Angelo “Buds” Wenceslao, chief executive officer of D.M. Wenceslao and Associates Inc.
“It reflects our long-term commitment to building a district that is well-positioned to support high-growth industries, generate quality employment, and contribute meaningfully to the country’s economic development.”
“Over the years, PEZA and Aseana Holdings have worked hand in hand in shaping Aseana City into a thriving business district, one that reflects thoughtful urban planning, strategic location, and a clear understanding of what investors and workers truly need,” said PEZA Director General Tereso Panga.
“In fact, developments such as Aseana One, Aseana Two, and Aseana Three have helped position this area as a reliable home for PEZA-registered IT and business process operations. And with this new PEZA-registered project, we especially thank the Aseana Holdings for the strength and continuity of our partnership. We are confident that this new addition will further strengthen Aseana City, create more quality jobs for Filipinos, and support one of our key focus sectors this year—the IT industry.” —Princess Daisy C. Ominga | Ed: Corrie S. Narisma
