DoubleDragon partners with Chickenjoy supplier for industrial hubs

ABS-CBN News

Posted at Jan 09 2019 04:26 PM

DoubleDragon Properties Corp Chairman Edgar “Injap” Sia II, President Ferdinand Sia together with Cargill President & CEO Juan Herrera and Cargill Head of Business Development Anthony Wu. Handout

MANILA - DoubleDragon Properties Corp on Wednesday said it partnered with Cargill to develop industrial facilities and grow its leasing portfolio.

The partnership between DoubleDragon's CentralHub Industrial Centers Inc will help Cargill's C-Joy Poultry Meats Production Inc proceed with its planned 30-hectare industrial developments across multiple locations, DoubleDragon told the stock exchange.

C-Joy is the chicken supplier of Jollibee Foods Corp, whose founder, Tony Tan Caktiong is a partner at DoubleDragon, alongside Edgar “Injap” Sia II.

The demand for industrial facilities is expected to "increase significantly" as more companies require multi-use warehouses for commissaries, cold storage, light manufacturing and logistics distribution centers, DoubleDragon chief investment officer Hannah Yulo said.