DoubleDragon set to open 2nd ind'l complex in Iloilo
Published Feb 16, 2018 12:00 am
By James A. Loyola
DoubleDragon Properties Corporation’s industrial leasing subsidiary of CentralHub Industrial Centers, Inc. has acquired a 3.9-hectare property in Iloilo for development into its next industrial warehouse complex.
The lot is strategically located along Iloilo R3 Road approximately 5 km from the Iloilo International Airport and 10 km to the Iloilo City Proper. It is along the national highway en route to the Iloilo International Airport from Iloilo City Proper.
Edgar ‘Injap’ Sia II
“This newly acquired location in Iloilo is the second CentralHub complex in the Philippines following CentralHub-Tarlac which is now under construction,” the firm said.
CentralHub-Tarlac sits on a 6.2-hectare lot with a capacity of 32,000 square meters of leasable space once fully developed, while CentralHub-Iloilo will have a capacity of 22,000 square meters of leasable space once fully developed.
CentralHub is envisioned to become the leading provider of industrial warehouses in the Philippines through the development of its first eight CentralHub sites by 2020, 2 in North Luzon, 2 in South Luzon, 2 in Visayas and 2 in Mindanao.
The first 8 CentralHub sites is targeted to have a total land area of 100 hectares.
Each CentralHub site will contain modern standardized multi-use warehouses suited for commissaries, cold storage, light manufacturing, and logistics distributon centers. CentralHub intends to have an initial 100,000 square meters of leasable industrial space by 2020.
Currently, the first two sites, CentralHub-Tarlac and CentralHub-Iloilo once fully developed can contribute approximately 54,000 square meters or 5.4 hectares of leasable industrial space.
“We believethe industrial leasing segment presents significant growth opportunities for DoubleDragon as the current market supply is very traditional and fragmented,” said DoubleDragon Chairman Edgar “Injap” Sia II.
He noted that, “as a new player in an already mature real estate industry which has been dominated by large established players for decades, we are focused on segments within the real estate space where we still have an opportunity to organically dominate, such as industrial leasing, provincial community mall leasing and hospitality.”
“Other than the e-commerce businesses that will soon require facilities such as CentralHub, there are also a lot of synergies within our ecosystem since both our affiliates and the tenants of our CityMalls are the natural users of warehouse facilities as they continue expand their business to capture the growing consumer base of the Philippines,” added Sia.
Edgar ‘Injap’ Sia II
“This newly acquired location in Iloilo is the second CentralHub complex in the Philippines following CentralHub-Tarlac which is now under construction,” the firm said.
CentralHub-Tarlac sits on a 6.2-hectare lot with a capacity of 32,000 square meters of leasable space once fully developed, while CentralHub-Iloilo will have a capacity of 22,000 square meters of leasable space once fully developed.
CentralHub is envisioned to become the leading provider of industrial warehouses in the Philippines through the development of its first eight CentralHub sites by 2020, 2 in North Luzon, 2 in South Luzon, 2 in Visayas and 2 in Mindanao.
The first 8 CentralHub sites is targeted to have a total land area of 100 hectares.
Each CentralHub site will contain modern standardized multi-use warehouses suited for commissaries, cold storage, light manufacturing, and logistics distributon centers. CentralHub intends to have an initial 100,000 square meters of leasable industrial space by 2020.
Currently, the first two sites, CentralHub-Tarlac and CentralHub-Iloilo once fully developed can contribute approximately 54,000 square meters or 5.4 hectares of leasable industrial space.
“We believethe industrial leasing segment presents significant growth opportunities for DoubleDragon as the current market supply is very traditional and fragmented,” said DoubleDragon Chairman Edgar “Injap” Sia II.
He noted that, “as a new player in an already mature real estate industry which has been dominated by large established players for decades, we are focused on segments within the real estate space where we still have an opportunity to organically dominate, such as industrial leasing, provincial community mall leasing and hospitality.”
“Other than the e-commerce businesses that will soon require facilities such as CentralHub, there are also a lot of synergies within our ecosystem since both our affiliates and the tenants of our CityMalls are the natural users of warehouse facilities as they continue expand their business to capture the growing consumer base of the Philippines,” added Sia.