Aseana Holdings Inc. Hits Construction Milestone, 8912 Asean Ave Topping Off Ceremony

Aseana Holdings Inc. Hits Construction Milestone, 8912 Asean Ave Topping Off Ceremony

Parañaque, Philippines – As the ongoing rise of Covid-19 cases continue to disrupt business operations, brand events, and company celebrations both local and abroad, Aseana Holdings Inc. welcomed the second half of the year with the topping off ceremony of 8912 Asean Ave. Building, the newest and most sophisticated office development to date in Aseana City.

While it remained a quiet milestone because of the pandemic, DMWAI CEO, Buds Wenceslao expressed his positive outlook on the construction and real estate landscape. “We are in the phase of uncertainty and hesitancy as Covid-19 has proved to be a strong adversary to businesses causing refinancing, economic downturn, and immediate and catastrophic effect to different income groups. However, celebrating a milestone of one of our developments that is included in our 5-year pipeline projects despite the challenges that we are currently facing is something that should not be overlooked. This only demonstrates the dedication, commitment and competence of our team and the trust that we have earned in the decades-long relationships and partnerships with our internal and external stakeholders, clients and vendors.”

8912 Asean Ave. is a 15-storey office development along Asean Avenue with two interconnected towers right across Ayala Malls Manila Bay, the flagship mall of the Ayala Malls group. The project has approximately 69,000 sqm of leasable office and retail spaces with four levels of parking.

8912 Asean Ave. Building is slated for completion on the first half of 2021.

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ABOUT ASEANA HOLDINGS INC. (AHI)

Aseana Holdings Inc. is a 100% owned subsidiary of D.M. Wenceslao & Associates Inc. (DMW) – master developer and primary owner of Aseana City. Formed in 2003, Aseana Holdings Inc. was organized to cater to the development potential of Aseana City. Aseana City is a development project with a total land area of 107.5 hectares located along the coastal waters of Manila Bay. For further information, visit www.aseanacity.com.

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