MANILA – DoubleDragon Properties Corp on Wednesday said its subsidiary, CentralHub Industrial Centers Inc, acquired another industrial warehouse in Iloilo.
The 3.9-hectare property near the Iloilo International Airport and the city proper, will be the second facility of its kind after the one in Tarlac, DoubleDragon told the stock exchange.
Each hub will contain warehouses for commissaries, cold storage, light manufacturing and logistics distribution centers, DoubleDragon said.
"CentralHub is envisioned to become the leading provider of industrial warehouses in the Philippines through the development of its first 8 CentralHub sites by 2020," the statement said.
Hubs will be developed in North Luzon, South Luzon, Visayas and Mindanao, which will have 100,000 square meters of leasable space