DDMP REIT earnings grow by 41%

Philstar Global

May 6, 2022

EXCERPT


“We believe that the most important feature of DDMP REIT is that 100 percent of its leasable space sits on prime commercial titled land that DDMP REIT perpetually owns, as over a long period of time, the land value is expected to surpass the value of the building structures, and in the specific case of DDMP REIT, both the titled land and the buildings are owned by the DDMP REIT shareholders forever because the land is titled, and is not a leasehold,” he said.


DoubleDragon Tower, the 7th completed office tower in DD Meridian Park complex, is set to start the turnover to its tenants by June.


The asset is expected to soon become part of DDMP REIT.


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