DoubleDragon Properties Corp. has completed the development of its fifth industrial warehouse complex located in Capiz province.
CentralHub-Capiz, a 4.2-hectare industrial warehouse complex, is now complete and 100% leased out to tenants such as the area distributors of Prifood and Nestlé, DoubleDragon said in a statement.
The warehouse complex is strategically located along the Roxas-Ivisan Bypass Road, just 11 kilometers from Culasi Port, Roxas City, and 8 kilometers from the Roxas City Airport.
CentralHub-Capiz is the fifth CentralHub industrial warehouse complex developed by DoubleDragon after CentralHub-Davao, CentralHub-Danao, CentralHub-Cebu, CentralHub-Iloilo and CentralHub-Tarlac.
To date, a total area of 27.5 hectares of prime industrial land has been acquired for the hubs, having a total capacity of 126,033 square meters (sqm) of leasable industrial warehouse space.
Each hub will contain modern and 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.
DoubleDargon said that through the development of its first eight CentralHub complexes by 2020, it envisions to become the leading provider of industrial warehouses in the Philippines.
The first eight CentralHub warehouse complexes are projected to have a total capacity of up to 400,000 square meters of leasable industrial warehouse space. DoubleDragon said it aims to have at least 100,000 sqm of leasable industrial warehouse space across these eight sites completed by 2020. The long-term expansion plan is to have a CentralHub industrial warehouse complex in each of the 81 provinces in the Philippines.
“There are several catalysts that account for the strong demand for CentralHub industrial space, the major ones being the urbanization of what were traditionally industrial areas which has resulted to the displacement of existing industrial locators; the strong growth of consumer-related companies both in existing and new areas they are expanding to; and lastly, the fresh demand from rapidly growing e-commerce companies that are taking over new market share,” DoubleDragon chief investment officer Hannah Yulo said.
