JLL advises landmark logistics transaction in Cavite
AyalaLand Logistics Holdings Corp. recently broke ground with its first build-to-suit facility in Cavite Technopark
AyalaLand Logistics Holdings Corp. breaks ground on a state-of-the-art logistics facility at their Cavite Technopark in Naic, Cavite.
The 15,000 sqm facility is being constructed for a retailer and will be their main distribution center for the area. The facility will have over 30 loading bays, a concrete strength of 4,000 psi, and a 9m clear height. The development is set to provide employment opportunities to around 300 workers.
Once completed in January 2024, this facility will improve the occupier’s operational efficiency and lead to cost savings.
(L-R): ALLHC Chief Operating Officer, Patrick Avila; ALLHC Business Development Associate Manager, Rainier Dominic Villanueva; JLL Philippines Head of Capital Markets, P. Ryan Isip; JLL Philippines Director for Logistics and Industrial, Charlie McNaught; ALLHC General Manager for New Businesses, Justin David; Laguna Technopark, Inc. Chairman, Rowena Tomeldan; ALLHC Chief Finance Officer, Francis Montojo; and ALLHC Management Committee Members Jessica Santos and Marita Cabral | JLL
“The Philippines has a critical lack of modern distribution centers. We are working with our clients to encourage development and improve the specification of logistics assets throughout the country. This transaction highlights the demand for these types of facilities,” says Charlie McNaught, JLL Philippines’ Head of Logistics & Industrial.
“Cavite Technopark is well-positioned to benefit from improving infrastructure and offers the ability for occupiers to serve all 16 cities and one municipality of Metro Manila alongside CALABARZON. This is evidenced in our MapIT property technology,” Carl Dizon, JLL Philippines’ Senior Analyst for Capital Markets, weighs in.
“In 2023, JLL Philippines has transacted more than 100,000 sqm of industrial transactions across the Philippines. The team looks forward to further demonstrate our strength in the logistics and industrial sector, and visibility of the market,” says P. Ryan Isip, JLL Philippines’ Head of Capital Markets.
About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 106,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.