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AyalaLand Logistics Holdings Corp. will break ground for two cold storage facilities on its Pampanga and Batangas properties to double its capacity by 2023
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The future Pampanga facility will be a key component of the envisioned agro-industrial hub serving the area
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The Batangas cold storage is projected to address increasing demand for more facilities in Southern Luzon
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ALLHC says it expects further growth in the industrial real estate space by expanding its cold storage assets
AyalaLand Logistics Holdings Corp. (ALLHC) will break ground for two cold storage facilities on its Pampanga and Batangas properties to double its capacity by 2023, as it eyes further growth in the industrial real estate space by expanding its cold storage assets.
The future Pampanga facility will be a key component of the envisioned agro-industrial hub serving the area while the Batangas cold storage will address increasing demand for more facilities in Southern Luzon, ALLHC said in a statement.
ALLHC entered the cold storage industry in 2021 with two acquired facilities in Laguna. The company is now keen on branching out to new locations in response to the rising demand for temperature-controlled facilities.
Triggered by multiple drivers, the growth of the cold storage industry has been pushed into the spotlight, ALLHC said. It said high consumer spending on food items, sustained high importation of meat, seafood, dairy and a spike in vaccine rollouts, and demand for other temperature drugs are driving demand growth.
“Cold storage is a fast-growing segment given increasing domestic consumption and limited modern facilities in the market. Combining our capabilities in both cold and dry storage, ALLHC will be equipped to service both types of customers,” ALLHC president and chief executive officer Maria Rowena Tomeldan said.
Last year, ALLHC acquired the Technofreeze cold storage facility in Laguna Technopark that houses 17 cold storage rooms with 4,000 pallet positions, marking the company’s first foray into cold logistics.
READ: Ayala firm enters cold chain market with P409M facility acquisition
In late 2021, the company bought its second cold storage facility from GMV Materials Inc. Following the acquisition of the 3,300-pallet position facility also at Laguna Technopark, ALLHC now has 7,300 pallet positions in the portfolio of ALogis Artico, its cold storage brand.
A subsidiary of Ayala Land Inc., ALLHC has principal business interests in holding companies, commercial leasing, industrial lot sales and development, and retail electricity supply. Its subsidiaries include Laguna Technopark Inc., Unity Realty Development Corp., Orion Land Inc., Tutuban Properties Inc., LCI Commercial Ventures Inc. and FLT Prime Insurance Corp.
