Daiichi links up with top regional property firm
Daiichi Properties recently acquired Ascendas Services Philippines Corporation (Ascendas), 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,” said Daiichi Properties senior vice president 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. Daiichi Properties, a leading office space developer in the Philippines, now moves into the property management business, complementing its property development, sales and leasing services. At the contract signing were (from left): Daiichi Properties senior vice president Charmaine Uy; president Salvador Uy; Ascendas-Singbridge chief financial officer for Singapore & Southeast Asia Ken Ho; and deputy chief executive officer for Singapore & Southeast Asia William Tay.