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DoubleDragon said CentralHub-Cebu would have a capacity of 27,212 square meters of industrial warehouse space.
DoubleDragon has 15.3 hectares of prime industrial land in three sites with a total capacity of 81,219 sqm. of industrial warehouse leasable space.
The first two logistics hubs are located in Tarlac, at 6.2-hectare lot with 32,000 sqm of leasable industrial space, and in Iloilo, 3.9-hectare property with a capacity of 22,000 sqm. of leasable space once fully developed.
DoubleDragon, through its industrial leasing subsidiary, CentralHub Industrial Centers Inc., aims to become the leading provider of industrial warehouses in the Philippines.
The first eight logistics hubs are projected to have a total capacity of up to 400,000 sqm. of warehouse leasable space.
Each hub will have modernized multi-use warehouses for cold storage, light manufacturing, and logistic distribution centers.
"We are very enthusiastic about the distinct potential of CentralHub industrial complexes. CentralHub-Tarlac said it was already achieving double-digit readjustment, which he said he expected CentralHub to expect, "said DoubleDragon chief investment officer Hannah Yulo.
"CentralHub is expected to be a major contributor to our growth especially beyond 2020. In addition, the company is also able to capitalize on the long-term appreciation appreciation of its prime hard assets," she added.
Industrial warehouse leasing is one of DoubleDragon's four pillars of growth, which includes provincial retail leasing, office leasing and its primary recurring revenue focused property.
It plans to complete the 1.2 million sqm. by 2020 comprising of 700,000 sqm. from 100 CityMalls, 300,000 sqm. from its Metro Manila office projects, 100,000 sqm from hotels and 100,000 sqm. of industrial space.
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