DDMP REIT spending: Yujuico couple, DoubleDragon pour P5B into CentralHub, Jollibee Tower in Q2
Property

DDMP REIT spending: Yujuico couple, DoubleDragon pour P5B into CentralHub, Jollibee Tower in Q2

Benedicto and Teresita Yujuico and Double Dragon Properties pumped in a combined P5 billion into CentralHub and Jollibee Tower in the second quarter of 2021.

The Yujuicos used up all the P3.845 billion proceeds they raised from the initial public offering of DDMP REIT last March.

Benedicto spent P1.35 billion and Teresita forked out P1.892 billion for CentralHub Industrial Centers last 24 June 2021. Benedicto still has a 9.65 percent share in DDMP while Teresita has 9.35 percent.

For its part, DoubleDragon spent P1.232 billion for CentralHub (P967 million) and Jollibee Tower (P234 million) in the second quarter of 2021.

DoubleDragon still has P6.84 billion from the P8.07 billion it raised from DDMP IPO.

CentralHub is a warehouse complex over 6.2-hectares in Luisita Industrial Park, Tarlac City.

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