St. Luke’s Medical Center has entered into a 50-year lease agreement for a 13,896-square-meter (sq.m.) parcel of land in D.M. Wenceslao & Associates Inc.’s (DMW) Aseana City.
The new lease will expand DMW’s leasable portfolio to 261,888 sq.m., of which 171,974 sq.m. is total leased land area and 89,914 sq.m. is total leasable floor area.
“DMW’s success has always been based on anticipating the needs of our customers and providing them the solutions they require to make long term investments to grow their businesses,” said Delfin Angelo Wenceslao, DMW chief executive officer.
“We are thrilled that St. Luke’s Medical Center has chosen Aseana City for its flagship hospital in the Manila Bay area. The signing of this agreement with the country’s leading healthcare institution achieves another important milestone towards the development of Aseana City. It will accelerate our ability to deliver a complete community in our next generation city development,” he added.
St. Luke’s Medical Center is recognized as the leading and most respected healthcare institution in the Philippines. Its two facilities in Quezon City and Global City, Taguig have a combined total of 1,146 rooms, with 60,321 average in-patient admissions and 2.7 million outpatient consultations annually.
In 2003, it was the ï¬rst hospital in the country and the second in Asia to be accredited by the Joint Commission International, the world’s leader in healthcare accreditation and quality improvement.
In 2016, it was also the ï¬rst in the country to be accredited as an Academic Medical Center Hospital and become a member of the Mayo Clinic Care Network.
“We see a compelling opportunity for St. Luke’s Medical Center to expand and scale operations to respond to our customers’ needs,” said Dr. Arturo De La Peña, St. Luke’s Medical Center president.
“Aseana City not only offers the right location to capture the robust healthcare growth in the country and South East Asia, it also takes a holistic approach throughout its master plan, while setting standards for sustainability,” he added.
With access to all terminals of the Ninoy Aquino International Airport and the rapidly growing population centers south of Metro Manila, the new facility will be very convenient for patients and health practitioners, he said.
“We look forward to continue delivering high-quality, patient-centered care for all our hospital patients and to contribute to improved health outcomes through advanced technology,” De La Peña added.
