Leasing revenues for the period increased by 17 percent to PHP3.9 billion from PHP3.3 billion in the prior year period, driven by the increase in
leasable spaces from malls.
KPPI plans to use the net proceeds to diversify its asset base and expand its office leasing portfolio with the acquisition of about 3,500 square meters of
leasable space.
The company plans to use the net proceeds to diversify its asset base and expand its office leasing portfolio with the acquisition of about 3,500 square meters of
leasable space, mainly in Quezon City, Pasig and Makati.
'DoubleDragon's portfolio of completed
leasable space is like a large fuel tank and its secured leases is the fuel inside the tank, which will ensure the continuous flow of rental revenues into the company.
The entire development will comprise up to 290,000sq m of
leasable space, which will offer various logistics size formats, including box and flex-log while also providing an easy solution of moving to larger units as tenant businesses expand.
According to a tabulation on WikiPedia, it will be the largest mall in the world by total area, and the second largest measured by
leasable commercial space.
In a disclosure to the Philippine Stock Exchange, MRSGI said the development will consist of a department store and supermarket with one movie theater and with
leasable spaces.
The total supply of gross
leasable area within retail malls now tops 1.4 million square metres, of which almost 800,000 sq m is provided in the country's five largest 'super-regional' malls.
The company said this second phase, with a total
leasable area of around 13,600 square metres, will consist of one building 15 stories high.
Across the assets of Emaar Malls -- which include Dubai Mall, Dubai Marina Mall and Souk Al Bahar -- gross
leasable area occupancy levels were at 95 per cent.
Around 45,000m[sup.2] of gross
leasable land will have been added to the Al Jimi Mall in Al Ain when the renovated site opens for business in Q4 2018.
United Engineering Construction will build the mall, the UAE's largest in terms of
leasable space.