DAVAO CITY — CentralHub Industry Centers, Inc. (CentralHub), a subsidiary of DoubleDragon Properties Corp., and homegrown Alsons Development and Investment Corp. (Alsons Dev) are investing P800 million for the planned industrial warehouse complex in the city.

The joint venture will develop a 6.2-hectare property in Lasang, located in the northern part of Davao City, about 17 kilometers from the Davao International Airport. The area is also adjacent to Panabo City, home of the Floirendo-owned Davao International Container Terminal.

“CentralHub-Davao will propel growth and improve competitiveness of local industries by reducing transport and logistics costs,” said Rosvida A. Dominguez, Alsons Dev executive vice-president.

“It will also create employment and business opportunities for the local community,” she added.

The project, based on an information sheet sent via e-mail over the weekend, is scheduled to start by 2021.

CentralHub is currently building three other projects, located in Cebu, Iloilo, and Tarlac.

Central Hub-Davao will offer 40,392 square meters of leasable space for warehousing, cold storage, commissaries, light manufacturing, and logistics distribution.

DoubleDragon and Alsons have earlier partnered for the CityMall-Northtown Center, a 1.5-hectare mall complex within two adjacent subdivision projects of Alsons Dev. — Carmelito Q. Francisco