DoubleDragon on track to deliver 300,000 sqm of office space by 2020
DoubleDragon Properties Corp. broke ground on its ninth building DD Meridian Tower, located in the prime corner of Macapagal Ave in Pasay City.
The tower forms part of the company?s flagship project in Metro Manila, which will be home to eight office buildings and a luxury serviced apartment with a total of 351 units.
At the same time, the company topped off its sixth office tower, DoubleDragon Center West.
DoubleDragon Center West and DD Center East will add another 35,752 square meters of leasable office space to the 138,503 square meters already completed in DD Meridian Park.
The four office towers of DoubleDragon Plaza, the first phase of DD Meridian Park, which officially opened its doors to the public last May 7, is already 100 percent leased to date and is expected to house over 20,000 employees of its tenants by the end of the year.
Once fully developed, DD Meridian Park is expected to house over 50,000 employees of its tenants by 2020.
?As we complete more projects nationwide, our rental revenues will continue to grow exponentially quarter on quarter. DoubleDragon is now starting to harvest from the seeds that it has been planting around the country in the last 4 years?, said Edgar ?Injap? Sia II, chairman of DoubleDragon.
The company aims to boost its leasable portfolio to 1.2 million square meters by 2020 , comprising of 700,000 square meters from 100 CityMalls, 300,000 square meters from its Metro Manila office projects DD Meridian Park and Jollibee Tower, 100,000 square meters from the planned 5,000 hotel rooms of Hotel101 and JinJiang Inn Philippines, and another 100,000 square meters of industrial space from various CentralHub sites across Luzon, Visayas and Mindanao.