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Manila Bulletin devider Business devider The Stock Market devider DoubleDragon nears ₱24.8-billion leasing goal, eyes first industrial REIT

DoubleDragon nears ₱24.8-billion leasing goal, eyes first industrial REIT

Published Jul 11, 2025 11:56 am  |  Updated Jul 11, 2025 01:39 pm
Property developer DoubleDragon Corporation has completed its fully pre-leased five-hectare CentralHub warehouse complex in Cebu, marking a milestone of 1.5 million gross floor area (GFA) of completed assets in its portfolio.
In a disclosure to the Philippine Stock Exchange, the firm stated that it is actively expanding CentralHub's industrial warehouse portfolio towards its goal of establishing a ₱24.8 billion leasing portfolio and listing the first industrial real estate investment trust (REIT) in the Philippines.
CentralHub is a joint-venture company of DoubleDragon Corporation and Jollibee Foods Corporation. DoubleDragon is a publicly-listed partnership between Jollibee Chairman Tony Tan Caktiong and Edgar Sia II.
The current CentralHub portfolio includes the largest commissary and distribution center of Jollibee Foods Corporation in Laguna.
DoubleDragon said it has completed a total of 1.5 million GFA of completed recurring revenue asset portfolio from its string of hard assets spread out in prime locations in Luzon, Visayas, and Mindanao. The Company also holds assets overseas through its subsidiary Hotel101 Global.
The firm also operates community malls in the countryside, as far as Cotabato City, Koronadal City, Dipolog City in Zamboanga Del Norte, and Isulan, Sultan Kudarat. It also has commercial investments as far as Basilan, Sulu in the Bangsamoro Autonomous Region.
DoubleDragon’s nationwide Philippine portfolio of titled hard assets, strategically located in Luzon, Visayas, and Mindanao, is expected to mature by 2025.
Hotel101 Global is set to complete its first project overseas, located in Madrid, Spain. The Hotel101 Global Group is currently ramping up its development efforts towards its near-term goal of being present in 25 countries within the next three years and its long-term goal of one million Hotel101 rooms globally across 100 countries.

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DoubleDragon Corporation Tony Tan Caktiong Edgar Sia II Jollibee Foods Corporation
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