Edgar ‘Injap’ Sia’s, DoubleDragon, marked a significant milestone in Negros Occidental with the groundbreaking of its expansive 10.06-hectare CentralHub-Negros industrial warehouse complex in the province, yesterday, August 11.
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The development is strategically located on J.Apitong Ledesma Street, Silay, Negros Occidental, providing easy access to the Silay Negros International Airport and Bacolod City.
CentralHub-Negros is set to contribute approximately 74,000 square meters of leasable industrial warehouse space to DoubleDragon’s leasing portfolio, the company said in a statement.
The project’s Phase 1 is projected to be completed by 2024, followed by Phase 2 in 2025.
This comes on the heels of CentralHub’s successful full leasing of its CentralHub-Cebu Danao project, a 44,601 square meter industrial warehouse complex generating a recurring rental income of ₱15.98 billion pesos over the lease term, it said.
CentralHub has swiftly expanded its footprint, boasting a current portfolio of 605,732 square meters across six operational industrial warehouse complexes.
It’s a diverse ecosystem, catering to logistics, FMCG, trading, and distribution companies, including the renowned Jollibee Group.
The expansion is part of its ambition to become a pioneering Philippine Industrial REIT IPO.
CentralHub seeks to file as soon as REIT capitalization rates stabilize at 5% to 6%, bolstered by its robust ₱24.8 Billion industrial leasing portfolio.
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