DoubleDragon Properties Corp. has acquired a 3.9-hectare Iloilo property to be developed by its industrial unit, as it looks to construct manufacturing facilities across the country.
In a statement on Wednesday, Feb. 14, the listed firm said this will be the second complex under CentralHub Industrial Centers, Inc. The company will be constructing standardized multi-use warehouses suited for commissaries, cold storage, light manufacturing, and logistics distribution centers within the property.
Once fully developed, the facility will offer 22,000 square meters (sq.m.) of leasable space. This will bring DoubleDragon’s industrial leasing portfolio to 54,000 sq.m., as the company is also developing CentralHub Tarlac with a total leasable space of 32,000 sq.m. — Arra B. Francia