Daiichi acquires Ascendas PH for property management

In its bid to boost its competitiveness as a real estate developer and services provider, Daiichi Properties has acquired Ascendas Services Philippines Corporation (Ascendas), the local unit of the Ascendas-Singbridge Group of Singapore, the company said.

“The acquisition allows Daiichi Properties to leverage on Ascendas’ expertise in the property management business, which was built up by its own experience in the Philippines as well as the best-in-class practices of the Ascendas-Singbridge Group in managing its own properties across the Asia-Pacific region,” Daiichi Properties Senior Vice President Charmaine Uy said in a statement.