The Ayala Group has strengthened its logistics arm by increasing its cold storage capacity as part of its vision to be the leading real estate logistics and industrial parks developer and operator in the Philippines.
AyalaLand Logistics Holdings Corp. (ALLHC), the logistics arm of Ayala Land Inc., acquired Technofreeze, a cold storage facility located in Laguna Technopark, as well as the 11,800 square meter property on which the facility stands, for a total acquisition price of P408.8 million.
Technofreeze is an established cold storage facility in Laguna with a proven track record of serving companies with diverse products such as processed meat products, dairy and ice cream, and adhesives.
With the acquisition, ALLHC will assume ownership of the existing operating facility, and this will be under ALLHC’s cold storage brand, “ALogis Artico.”
ALogis Artico Biñan is located within the 471-hectare Laguna Technopark, one of ALLHC’s premier industrial estates spanning the cities of Sta. Rosa and Biñan.
At present, Technofreeze has seventeen cold storage rooms up to -25 °C with 4,000 pallet positions; three processing rooms with an adjustable temperature of 0 to 25 °C; four dry storage rooms with 1,600 pallet positions; two blast freezers with a combined capacity of 25 tonnes, and several office spaces.
Photo courtesy of facebook.com/inlandcorporation
