BUILDING PHL’S MOST MODERN LOGISTICS CENTER: Officials of MetroPac Movers, Inc. and Markeenlo Realty, Inc. sign a lease agreement for the construction of the Philippines’ most modern logistics center.

Seated from left: Atty. Sheila Pasicolan-Camerino (Legal Counsel, Markeenlo Realty, Inc), Mr. Jose Ma. K. Lim (President and Chief Executive Officer, MetroPac Movers, Inc.), Mr. Mark Belo (Chief Executive Officer, Markeenlo Realty, Inc.), Ms. Riviera Rathore (Head of Business Transformation, MetroPac Movers, Inc.), Ms. Anna Bengzon (Chief Financial Officer, MetroPac Movers, Inc.);

Standing from left: Mr. Tom Over (Director for Industrial & Logistics, Jones Lang LaSalle), Ms. Joy Gaffud (Manager for Commercial Leasing, Jones Lang LaSalle), Mr. Ryan Isip (Head of Capital Markets, Jones Lang LaSalle), Atty. Jamie Yu (Legal Counsel, MetroPac Movers, Inc.), Mr. Allan Mina (Sr. Vice President and Head of Commercial, MetroPac Movers, Inc.), Mr. Eduardo Rejuso (Head of Warehouse Operations, MetroPac Movers, Inc.), Mr. Graham Sanders (Chief Logistics Adviser of Metro Pacific Investments Corporation)

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MAKATI CITY, METRO MANILA — MetroPac Movers, Inc. (“MMI”) will soon commence construction of the most modern logistics center in the Philippines. The facility will be built over a 52,000-square meter site located along the Sta. Rosa-Tagaytay Road in Sta. Rosa City, Laguna, two (2) kilometers from the South Luzon Expressway. MMI will build a dry goods warehouse that will offer 41,000 pallet positions and a refrigerated warehouse that will offer 17,500 pallet positions. The facility is targeted to open within the second quarter of 2021.

Both warehouses will lead the industry in product security systems, radio frequency inventory control systems, fire and safety systems, staff training and expertise, and will offer truly international standard facilities and services to the Philippine market. The refrigerated warehouse will set a new benchmark for food safety, storage and handling systems, and will offer storage temperatures between +20 to -25 degrees Celsius.

Mr. Jose Ma. K. Lim, President and Chief Executive Officer of both MMI and its parent company, Metro Pacific Investments Corporation, said, “The Sta. Rosa logistics center will integrate with the operating systems of our key customers and drive supply chain efficiencies. We will deliver real value to our customers, focusing on the critical metrics of this business – truck turn-around times, inventory accuracy, product security and service quality. We know the pain points of the logistics industry in the Philippines and these facilities and operating systems are being designed specifically to address these issues. We are very excited to get these facilities built and operational.”

The new logistics center will create 550 new jobs in Laguna and is the first of a planned roll-out of strategically located international standard logistics centers.

Mr. Lim said, “Over the next few years, we will locate our logistics centers on major transport arteries to reduce the overall supply chain costs of our customers and increase the efficiencies of moving products to factories, to warehouses, to retail outlets, and to end consumers.”

“Strong underlying growth fundamentals and the emergence of online retail are increasing the demand for logistics warehousing throughout Southeast Asia. This facility will address both a regional and domestic requirement for high grade industrial assets, which can support sophisticated supply chain operations,” said Mr. Tom Over, Director for Industrial & Logistics of real estate consultancy firm, Jones Lang LaSalle (“JLL”) Philippines. JLL Philippines brokered the property lease agreement between MMI and Markeenlo Realty, Inc.

“Markeenlo Realty, Inc. is happy to welcome and host MetroPac Movers, Inc. in its site as MMI raises the bar in the Philippine logistics industry for the benefit of Filipino consumers. Their tenancy also allows us to diversify the risks in our realty portfolio as we pursue other developmental projects,” said Mr. Mark Belo, President of Markeenlo Realty, Inc.