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Double Dragon Plan to List Industrial REIT Gains Steam
The Philippine Star
|July 12, 2025
Property builder DoubleDragon Corp. has topped off a five-hectare warehouse complex in Cebu that will be included in the P25-billion portfolio of a future real estate investment trust (REIT).
In a disclosure, DoubleDragon said it now has 1.5 million square meters of gross floor area (GFA) following the completion of a warehouse project in Cebu.
The warehouse adds to the industrial portfolio of CentralHub Industrial Centers Inc., which is a joint venture between DoubleDragon and Jollibee Foods Corp. (JFC).
DoubleDragon is beefing up CentralHub's warehouse portfolio with the target of establishing a P24.8-billion leasing book. DoubleDragon plans to list the country's first industrial REIT, aiming to capture investors who see potential in the warehouse industry.
This story is from the July 12, 2025 edition of The Philippine Star.
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