Property developer Prime Orion Philippines Inc., now led by Ayala Land Inc., plans to add two more industrial parks under its portfolio by the first quarter of 2019 as it aims to become the country’s leading industrial park and real estate logistics developer.
POPI president Rowena Tomeldan said in an interview following the company’s annual stockholders meeting the company would launch a 100-hectare industrial park in Cagayan de Oro City this year and planned to acquire at least 100 hectares in Central Luzon.
Tomeldan said the company aimed to strengthen its position as a real estate logistics and industrial park developer, as the country continued to attract foreign and local investments in the manufacturing sector.
“We plan to expand our industrial parks in the Calabarzon region and to develop a strong presence in Central Luzon and VisMin regions as well,” Tomeldan said
POPI is venturing into logistics and industrial park development after it recently acquired a majority stake in Laguna Technopark Inc., a prime developer of real estate logistics and industrial parks in the Philippines. LTI manages the 460-hectare Laguna Technopark in Santa Rosa and Biñan and the 135-hectare Cavite Technopark in Naic, Cavite.