DoubleDragon Opens Flagship Property in Pasay

Listed property developer DoubleDragon Properties Corporation recently inaugurated the DoubleDragon Plaza, the flagship development in the progressive DD Meridian Park in the Bay Area, Pasay City.

DoubleDragon (DD) Plaza, certified in Leadership in Energy and Environmental Design (LEED), has over 130,000 square meters of leasable space and will form part of the DD Meridian Park complex with 280,000 square meters of leasable space. The property consists of four office towers and will have a capacity of 50,000 employees of its tenants.

Each tower houses seven floors of office space with their own individual elevator lobbies as well as access to the main retail area, which offers an additional 12,000 square meters. Aside from the variety of retail and dining tenants, the property is home to Islas Pinas, an indoor Filipino food and heritage village that showcases Filipino cuisine, culture, and handicrafts.

The DoubleDragon Plaza is the first phase of DoubleDragon’s 4.75-hectare DD Meridian Park. Currently underway is the completion of two more office towers called DoubleDragon Center East and West with a gross leasable space of 30,000 square meters, both slated to be finished within the year. Phases three and four consist of the DoubleDragon Tower, a premium Grade A office building, and the DD-Ascott Meridian Park, a luxury serviced apartment operated by Ascott with more than 300 units.
For more information, visit www.doubledragon.com.ph.

DoubleDragon Properties Keen on Doubling Recurring Income

DoubleDragon Properties, a listed property development firm, is keen on increasing its recurring income stream to as much as 90% by 2020. This was revealed during the recent launch of Hotel 101-Fort, the newest addition to their growing hotel portfolio that’s presently under construction in Taguig.

This comes on the heels of P2.53 billion net profit posted last year, up by 71.8 percent from the previous year, boosted by higher recurring profits with rental revenues growing by 238.4 percent to P909.2 million or 19.8 percent of total revenues.

“Our target for 2020 is to have 1.2 million square meters of leasable space,” said DoubleDragon chief investment officer Hannah Yulo. “We’re very focused on 2020 target and its 5.5 billion net income target by 2020 because our main focus is to deliver the leasable space in the portfolio of DoubleDragon.”

To achieve this target, Yulo also shared that the company expects to derive recurring revenues from its hotel management arm, Hotel of Asia, Inc., which manages Hotel 101 and Jinjiang Inn, as well as through its newest venture, CentralHub, its industrial leasing subsidiary offering standardized multi-use warehouses for commissaries, logistics, and cold storage facilities.

Hotel 101-Fort is a 33-storey business and leisure hotel set on a 1,224 sq. m. lot. Hotel 101-Fort houses a total of 609 units. The unit owner’s share in revenue is 30% of gross revenues.

DoubleDragon also aims to ramp up its CityMall brand by building 100 malls in the provincial areas and to expand its Metro Manila office leasing portfolio, which includes the DD Meridian Park in the Bay Area and Jollibee Tower in Ortigas, with the latter set to be completed by end of 2018.

For more information, visit www.doubledragon.com.ph.

DoubleDragon launches Hotel 101-Fort

Officials of fast rising property development firm DoubleDragon Properties Corp. recently led the launch of the latest addition to their growing hotel portfolio: Hotel 101-Fort. Rising at 33 storeys with a total of 606 well-appointed hotel rooms, Hotel 101-Fort offers an excellent investment opportunity for unit buyers and is envisioned to be a premier business and leisure hotel in Taguig. Photo shows Ferdinand Sia, DoubleDragon president (second from left), with (L-R) Hannah Yulo, DoubleDragon chief investment officer; Lei Apostol, Hotel of Asia general manager; and Tina Dy, DoubleDragon sales head, at the grand launch of DoubleDragon’s Hotel 101-Fort.