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Manila Bulletin devider Business devider Metropac Movers buys Bulacan land for P205 M

Metropac Movers buys Bulacan land for P205 M

Published Jan 28, 2019 12:00 am
By James A. Loyola Metropac Movers, Inc. (MMI), the logistics venture of Metro Pacific Investments Corporation, has acquired parcels of land in the town of San Rafael in the province of Bulacan for P204.79 million. In a statement, the firm said this acquisition is part of its continuing efforts to provide more space for its warehouse operations. The properties, with a total aggregate space of 27.7 hectares, were purchased from various individuals. These will be used by MMI for the construction of a mega distribution center that will serve the company’s existing and potential clients in the fast-moving consumer goods, consumer durables and other industries. The procurement follows the acquisition of a 20 hectares of land in General Trias, Cavite worth P1.2 billion that will also be used for the construction of another large distribution center. The land purchases complement the 522 brand-new trucks acquired by MMI in the fourth quarter of 2017 and the existing leased warehouse spaces totaling 207,000 square meters scattered in strategic locations across Metro Manila, Luzon, Visayas and Mindanao. Along with continuing investments in Information Technology, equipment and training, these assets seek to further MMI’s goal of becoming the best logistics company in the country. Starting operations in May 2016, MMI’s core business is end-to-end logistics services. The company offers transport and freight forwarding through its three trucking components; Premier Logistics, Metropac Trucking Company, Inc., and Trucking Pro. MMI’s facilities are capable of handling warehousing, distribution and cross-docking requirements of local and international clients.
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