Property

DM Wenceslao & Associates Inc.’s 8912 Asean Avenue has secured a major regulatory boost after the government declared the property a Philippine Economic Zone Authority–registered Information Technology Center, strengthening Aseana City’s appeal to global IT and business process management locators.

Edgar “Injap” Sia II is not known for thinking small. But the DoubleDragon chairman’s latest target—P500 billion in annual revenue and P50 billion in net income by 2035—pushes even his own reputation for audacity.

MREIT, Inc., the real estate investment trust of Megaworld Corp., is expanding its footprint after its board approved the infusion of nine Grade A office buildings through a property-for-share swap valued at P16.22 billion.

Stern Real Estate and Development Corp. is ramping up its presence in Camp John Hay, committing fresh capital to expand hospitality offerings within the former American rest and recreation facility.

SM Hotels and Conventions Corp. is stepping harder on the growth pedal, setting a 2027 opening for Park Inn by Radisson SM City Dasmariñas as it rapidly expands its nationwide hotel pipeline.