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Company acquisition to boost competitiveness

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During the signing of the acquisition contract. From left: Daiichi Properties SVP Charmaine Uy, Daiichi Properties President Salvador Uy, Ascendas-Singbridge CFO for Singapore & Southeast Asia Ken Ho, and Ascendas-Singbridge Deputy CEO for Singapore & Southeast Asia William Tay.

During the signing of the acquisition contract. From left: Daiichi Properties SVP Charmaine Uy, Daiichi Properties President Salvador Uy, Ascendas-Singbridge CFO for Singapore & Southeast Asia Ken Ho, and Ascendas-Singbridge Deputy CEO for Singapore & Southeast Asia William Tay.

In its bid to provide world-class services and boost its competitiveness as a premier real estate developer and services provider, Daiichi Properties recently acquired Ascendas Services Philippines Corp., the local unit of the Ascendas-Singbridge Group of Singapore.

“The acquisition allows Daiichi Properties to leverage on Ascendas’ expertise in the property management business, which was built up by its own experience in the Philippines as well as the best-in-class practices of the Ascendas-Singbridge Group in managing its own properties across the Asia-Pacific region,” said Daiichi Properties SVP Charmaine Uy.

Ascendas Philippines was the local subsidiary of the property management arm of the Ascendas-Singbridge Group, a leading provider of sustainable urban solutions. Ascendas-Singbridge has projects spanning townships, mixed-use developments and business/ industrial parks in 29 cities across 10 countries in the Asia-Pacific Region.

With this development, Daiichi Properties now moves into the property management business, complementing its property development, sales and leasing services.

The full acquisition was formalized with a contract signing held at One World Place in BGC.

With 27 years of experience in real estate development, Daiichi Properties currently has a total of 228,000 square meters of office space built or being developed. The company has acquired, designed, and developed commercial, residential, and industrial real estate properties since 1989.

It recently topped off The Finance Centre, its third award-winning office development. The building is in BGC together with Daiichi’s two other award-winning buildings: One World Place and World Plaza.

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