DoubleDragon to build warehouse complex in Davao

THE industrial leasing unit of DoubleDragon Properties Corp. is partnering with Davao City’s Alsons Group for its fourth warehouse complex in the country.

In a statement issued Tuesday, CentralHub Industrial Centers, Inc said it has signed a joint venture agreement with Alsons Development & Investments Corp. for the development of an industrial complex on an 8.2-hectare property in Davao City.

CentralHub will own 70% of the venture, while Alsons will have a 30% stake.

Located along the Daang Maharlika Highway, CentralHubDavao will offer 40,392 square meters (sq.m.) of leasable industrial warehouse space. The property is eight kilometers away from the Davao International Container Terminal, and 17 kilometers away from the Francisco Bangoy International Airport in Davao City.

DoubleDragon Chief Investment Officer Marriana H. Yulo said there has been rising demand for warehouse space due to the government’s increased spending on infrastructure projects.

“The continuous investment in infrastructure projects are compelling e-commerce and consumer companies to enter new markets which has become the catalyst for the strong demand in industrial space,” Ms. Yulo was quoted as saying in a statement.

CentralHub-Davao marks the company’s first project in Mindanao and its fourth in the country. It is currently building CentralHub-Danao in Cebu, CentralHub-Iloilo, and CentralHub-Tarlac. These projects cover 23.3 hectares with 121,626 sq.m. of leasable industrial warehouse space. —