DDMP REIT, INC. (formerly DD-Meridian Park Development Corp.) is a real estate company established in the Philippines and incorporated on October 27, 2014. Upon compliance with the requirements of the REIT Law, the Company shall operate as a REIT. The Company is listed on the Philippine Stock Exchange.
DD Meridian Park is the Company’s flagship project in Metro Manila, and is located along the corners of the main roads of Macapagal Avenue, EDSA Extension and Roxas Boulevard in the Bay Area of Metro Manila. DD Meridian Park is being developed as an office-led, mixed-use development. DDMP REIT, INC.’s property portfolio consists of office towers with retail components in DD Meridian Park that meet the Company’s investment criteria.
DoubleDragon Plaza consists of four 11-storey towers with a retail area on the ground floor, parking on the 2nd to 3rd levels, and BPO offices from the 5th to the 11th levels, and has approximately 139,240 sq.m. of Gross Leasable Area. The ground floor retail area has 11,377 sq.m. of Gross Leasable Area dedicated to established food concepts, basic services, a supermarket and a themed food hall.
DoubleDragon Center East is a commercial property in DD Meridian Park consisting of an 11-storey tower with a retail area on the ground floor, parking on the basement and 2nd levels, and offices from the 3rd to the 11th levels, and has approximately 16,197 sq.m. of Gross Leasable Area. DoubleDragon Center East commenced full operations in 2019. DoubleDragon Center West is a commercial property in DD Meridian Park consisting of an 11-storey tower with a retail area on the ground floor, parking on the basement and 2nd levels, and offices from the 3rd to the 11th levels, and has approximately 16,815 sq.m. of Gross Leasable Area.
The Company’s investment criteria are Grade A, centrally located properties with stable occupation and income producing characteristics. The Company owns the underlying land of DD Meridian Park on a free-hold basis, which includes 2 development properties, DoubleDragon Tower and Ascott-DD Meridian Park leased out to DD Tower Inc and DDMP Serviced Residences, Inc., both lessees being JVs owned 70% by the Sponsor and 30% by the Spouses Yujuico.
DDMP REIT Inc., a company that owns and operates office buildings in Metro Manila, has announced it will be giving cash dividends (a share of
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