The SM group has deployed intensive care unit (ICU)-grade ventilators to various medical institutions to support the full recovery of COVID-19 patients, as part its P170-million budget to support medical front-liners in this pandemic.

The disinfecting apparatus donated by the Villar group in support of the country’s fight against the spread of COVID-19 outbreak has been installed at Rizal Medical Center in Pasig for use of the healthcare workers, staff and everyone going to the hospital.

For its part, Global healthcare company Johnson & Johnson (J&J) distributed 20,000 care kits to 26 hospitals and nine non-profit organizations (NGOs) nationwide to support Filipino healthcare workers. This donation is estimated at P10 million but the company has pledged to distribute another P10 million worth of rehydration drinks.

D.M. Wenceslao and Associates Inc. (DMWAI), owner-developer of Aseana City, unveiled a P100-million emergency contingency fund to help alleviate the impact of the COVID-19-related lockdown on its employees and tenants.

DMWAI chair Delfin Wenceslao said the fund would cover continued payment of wages, leave conversions, and other means of financial support and assistance. The company will also disburse salaries for two successive payment periods in advance. As for retail tenants, rent concessions will be granted to tenants affected by the mandated shutdown.

“We have also allocated funds and donations to address and assist the communities bordering our projects and developments,” Wenceslao said.

SM Foundation delivered the ventilators to the following institutions at the center of the COVID-19 war: Philippine General Hospital, Lung Center of the Philippines, Dr. Jose N. Rodriguez Memorial Hospital and San Lazaro Hospital.  It also provided ventilator units to West Visayas State University Medical Center in Iloilo and Baguio General Hospital.

The provision of much needed ICU-grade ventilators are seen to help many patients in critical care.

From the Villar group, disinfecting apparatus will also be installed in Lung Center, Heart Center, and Quirino Medical Center in Quezon City, RITM and Las Pinas General Hospital, San Lazaro and Sta. Ana Hospital in Manila, and Don Jose N. Rodriguez Memorial in Caloocan.

“Like you, we are amazed every single day by the commitment and selflessness of our nation’s healthcare staff who are braving their health and safety at the front lines to ensure ours,” said J&J Philippines managing director Raghu Krishnan.

“There is an urgent need to ensure the forts are held strong during these times of public health crisis. That is why, in response to the growing need for support, we are making these donations to ensure that our frontliners stay healthy and are able to continue the fight against COVID-19.”

Krishnan vowed to provide more aid within the coming weeks to supply partner hospitals with additional surgical masks and personal protective equipment (PPE).

“As the situation develops in our country, Johnson & Johnson Philippines will continue to look for ways that will allow us to extend our resources and expertise further. We will continue to bring our full resources and minds that we may overcome this pandemic together.”

SOURCE: https://business.inquirer.net/294286/more-corporate-aid-for-covid-19-front-liners-employees#ixzz6JZ1ERHVO

Paranaque City, Philippines, February 20, 2020 — D.M. Wenceslao & Associates, Incorporated (PSE: DMW) reports net profit attributable to equity holders of P2.37 billion in 2019, 24% higher than the prior year on strong revenue growth and focused cost management. Operating profit expanded 65% to P2.27 billion. Cash flow from operating activities rose to P3.83 billion from P1.05 billion.

Revenues grew 63% year-over-year to P3.51 billion, mainly driven by sales of land and condominium units. Revenues from recurring income streams were up 3% to P1.96 billion or 56% of total revenues. In particular, revenues from leasing of land increased 1% to P979.1 million, rentals of buildings increased 4% to P793.5 million and other revenues related to leasing increased 7% to P186.2 million. Revenues from land sales were P935.9 million compared to P1.3 million in the prior year, and residential sales were P547.7 million compared to P119.4 million.

“I am pleased with our 2019 results, concluding another successful year marked by strong revenue and earnings growth as well as cash flow generation, said Delfin Angelo “Buds” C. Wenceslao, chief executive officer. “During the year, we delivered our first residential project, started construction on two commercial properties and reached different stages of development for our ongoing projects which will begin contributing meaningfully to earnings in 2020 and beyond.”

As of December 31, 2019, the Company’s land holdings, completed properties and pipeline development projects in Aseana City totaled 569,359 sq.m. and are valued at approximately P209.8 billion, according to Colliers. Total leasable gross floor area aggregated to 89,914 sq.m., leased land area was 158,079 sq.m. and land reserves totaled 303,836 sq.m.

“In 2020, we are stepping up execution of business strategies necessary for sustainable growth. These are to: plan, complete and operate our projects on schedule, within budget and within quality standards; pursue new product lines, geographies and partnerships profitably; develop our brand identity and positioning through quality developments and customer experience; cultivate a skilled and process oriented team; and achieve double digit net income growth through improved performance and managed cost strategies.”

Manila, Philippines – Aseana Residential Holdings Corp. (ARHC), the residential arm of D.M. Wenceslao and Associates, Inc. (DMWAI), recently inaugurated its first residential development, the Pixel Residences located at the heart of DMWAI’s flagship mixed-use estate, Aseana City. Graced by the company’s management team, consultants, and several unit owners, the inaugural program signified the realization of the vision to provide livable spaces to a growing Manila Bay residential niche.

“Three years ago, we bought this unit with great confidence that its developer (ARHC) will deliver, and they didn’t disappoint. Seeing our unit now, we got more than what was promised. They included premium finishes under top-tier brands that just made us extra excited to move in,” expressed happily by Mr. Richard Manuel, Pixel Residences’ first unit owner.

Pixel Residences – A look back

In 2016, Pixel Residences was launched to the market to cater to early nesters—growing families who wanted to take part in the growth story that is Aseana City. The 15-storey low-density residential development astonished the real estate radar when all its 170 units were swiftly sold out in less than a year. Fast forward to three years, ARHC celebrated the building’s topping off in a ceremony held in May 2019, staying committed and poised to complete the development by the end of the year.

In a speech given by Mr. Buds Wenceslao, CEO of Aseana Residential Holdings, Corp., the young CEO personally expressed his affinity to the company’s maiden residential project. “With Pixel residences, our residential chapter in the company’s ever evolving transformational story has begun. Our buyers can have peace of mind knowing that they not only invested in a condominium, they invested in a holistic masterplanned & livable city”.

Pixel Residences offers large living formats of studios, one-bedroom, and two-bedroom units ranging from 36 square meters to 88 square meters, providing comfortable breathing spaces from the rammed city life. Designed by an international design firm, Spark Architects, in collaboration with renowned local architecture firm, CASAS +Architects, the development features a modern contemporary lobby, ground floor retail spaces and prime amenities including an indoor fitness gym, swimming pools, function hall and kid’s play area.

Pixel Residences is located at 2007 Cuenco cor. Celerio Drive, Block 2, Aseana City- the next generation city that’s redefining the Manila Bay cityscape.

D.M. WENCESLAO & Associates, Inc. (DMW) is limiting its exposure to Philippine Offshore Gaming Operators (POGOs) to around 30% of the company’s tenant mix in the Bay Area.

“We’re in the entertainment area, we’re focusing at somewhere between 30%. We just don’t want to be exposed to one specific industry,” DMW Chief Executive Officer Delfin Angelo C. Wenceslao told reporters after a tour of the company’s mixed use estate called Aseana City in Parañaque last Friday.

Mr. Wenceslao noted majority of their tenants are traditional companies, consisting of shipping, logistics, manning, and banks. These types of firms occupy around 50 to 60% of DMW’s existing office space in Aseana City.

Meanwhile, Business Process Outsourcing (BPO) firms account for around 20-30%. Mr. Wenceslao said the buildings in the pipeline in Aseana City are mostly targeted towards BPOs, since they are built with the highest specifications and provisions for telco, data, and back-up power, among others.

DMW will be developing nine projects in Aseana City in the next five years. This includes three residential developments with a total saleable floor area of 88,000 square meters (sq.m.), the first of which called Pixel Residences is due for completion in October 2019. The other six projects will be commercial areas spanning 280,000 sq.m.

DMW previously disclosed that it will be spending P11 billion until 2020 for these projects.

To-date, DMW has seven completed projects in Aseana City, with a total leasable floor area of 59,027 sq.m. Among these are commercial projects called Aseana One, Aseana Two, Aseana Three, Aseana Town Center, and Aseana Square, all of which are already fully leased out.

The company recently broke ground for its fourth office building, 8912 Aseana Avenue which will offer around 68,900 sq.m of gross leasable area. The 15-storey building will have retail, office, and parking components.

For the residential segment, DMW is set to launch its next project with a total of 670 units offering units ranging from studio to three-bedroom units.

Aside from its own projects, the company has also leased out parcels of land in Aseana City to other companies, including Ayala Land, Inc. (ALI).

The Ayala-led property developer is currently developing 9.5 hectares of land in the area for Ayala Malls Bay Area, which will house a mall with supermarket operator Landmark, ALI’s homegrown hotel brand Seda, as well as office spaces. The project stands across integrated resort and casino City of Dreams Manila.

DMW has asked locators and developers inside Aseana City to build arcade walkways and canopies where necessary, for their employees and the public.