Wenceslaos sign lease deal with Luis Yu’s Landers

Wenceslaos sign lease deal with Luis Yu’s Landers

Membership warehouse club Landers has inked an agreement with property developer D.M. Wenceslao & Associates Inc. to lease a 15,064 square meter lot in ASEANA City for a period of 25 years.

“We are excited to host Landers in Aseana City; not only will this land lease be recurring income- accretive to DMW but will also advance our efforts to further increasing the diversity of major brands and essential locators in Aseana City,” said Delfin Angelo ‘Buds’ Wenceslao, CEO of DMW.

Owned by the Yu family, Landers has several branches in Metro Manila as well as in Cebu.

It offers a wide array of local and international finds along with delectable in-house dining options.

“Landers has amassed significant following over the years; we look forward to the additional draw and the critical mass that Landers will bring to Aseana,” Wenceslao said.

The 107.5 hectare ASEANA City is located along Manila Bay.

DMW is an integrated property developer with expertise in land reclamation and construction.

Since 1965, it has reclaimed more than 2.4 million square meters of land, leased or developed 250,000 sqm of land and buildings, and completed over 140 construction and infrastructure projects including large, complex government developments throughout the Philippines.


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