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DoubleDragon Properties Corp. has completed the third phase of its CentralHub-Tarlac, adding 10,646 square meters (sqm) of leasable space to the industrial warehouse complex located in Tarlac
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The fourth phase of CentralHub-Tarlac is currently under construction
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Target milestone of 1.2 million sqm of completed gross floor area (GFA) portfolio will be surpassed by the end of 2021, a year ahead of target
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The company considers 2021 a milestone year for owning a portfolio of assets across the country exceeding 1 million square meters leasable GFA
DoubleDragon Properties Corp. (DD) has completed phase 3 of its CentralHub-Tarlac, adding 10,646 square meters (sqm) of leasable space to the industrial warehouse complex in Tarlac.
CentralHub-Tarlac, one of DD’s first industrial parks, is to be built over four phases. The fourth phase is currently under construction.
The Tarlac hub is under CentralHub Industrial Centers, Inc., DD’s industrial leasing segment providing modern logistics warehouses suited for commissaries, cold storage and logistics centers.
Aside from the Tarlac complex, other industrial warehouse complexes developed by DD are CentralHub-Davao, CentralHub-Danao (Cebu), CentralHub-Iloilo, and CentralHub-Capiz.
Each hub will contain modern standardized multi-use warehouses which are expected to fulfill the requirements of the top fast-moving consumer goods companies, retailers, fast food brands, cold storage providers, logistics operators and e-commerce companies alike.
DD envisions turning CentralHubinto one of the leading providers of industrial warehouses in the Philippines.
DD said it is set to surpass its milestone 1.2 million sqm of completed gross floor area (GFA) portfolio by end 2021, a year ahead of target.The 1.2 million sqm GFA, equivalent to 120 hectares or 12.9 million square feet of building GFA, comprises hard assets acquired and constructed mainly in the last seven years, DD noted.
The company considers 2021 a milestone year after being “one of the very few companies in the Philippines that [own] a portfolio of prime and appreciating hard assets across the country exceeding 1 million square meters (10.76 million square feet) leasable GFA.”
“Given the progress that the DoubleDragon team has made despite all the challenges that came its way being a new player in a highly competitive, prohibitive and mature industry, we expect to work towards reaching DoubleDragon’s principal strategic goal of P120 billion in total equity by 2030, coming from its current total equity of P59.23 billion as of March 31, 2021,” DoubleDragon chairman Edgar Sia II said in a statement.
