DOUBLEDRAGON’S Dragon8 Mall in Divisoria, Manila hits highest weekend customer foot traffic of 67,136 and expected to further increase in the coming days. Daily customer foot traffic is expected to exceed 200,000 once the North-South Commuter Railway (NSCR) urban rail transit project is completed.
The customer volume in DoubleDragon’s portfolio is expected to further increase in the coming weeks as the holiday rush continues to build up.
The six-storey Dragon8 Mall is located in the prime corner location of Recto Avenue and Dagupan streets, at the heart and busiest main center of Divisoria, Manila. It houses 405 operating tenants and top food choices such as Jollibee, Mang Inasal, Highlands Coffee, and Chowking.
The foot bridge that connects straight to the third floor of Dragon8 Mall-Divisoria was built to make it more convenient for train commuters given the expected completion of the Malolos-Tutuban rail project next year, which is expected to carry 200,000 commuters daily.
The Tutuban, Manila to Malolos, Bulacan rail project forms part of the 163-kilometer NSCR urban rail transit system from Calamba, Laguna to Clark in Central Luzon. The 38-kilometer Malolos-Tutuban segment is expected to carry more than 200,000 commuters daily. Once the project is completed, the travel time from Malolos to Tutuban is estimated to be 35 minutes.
The upcoming completion of the initial 38-kilometer Malolos-Tutuban rail project, to be followed by the completion of the whole 163 kilometers NSCR urban rail transit project is expected to become a major catalyst to further liven up the economic activity in Divisoria, Manila area. Dragon8 Mall-Divisoria happens to be situated strategically and while many of the commercial complexes in the area sit on a leased land, DoubleDragon’s six-storey prime commercial land where Dragon8 Mall sits is on its titled land covering the prime corner street in the heart of Divisoria, Manila.
DoubleDragon’s total assets stands at P163 billion and has so far completed 1.3 million square meters of GFA portfolio, and to-date has over a hundred hectares of usable vacant prime titled land spread out in strategic prime locations. This is all in line with DoubleDragon’s commitment for the past nine years since it conducted its IPO in the Philippine Stock Exchange, and that the DoubleDragon team has meticulously acquired at prices way lower than the current prices and only pick strategically located hard titled assets that could increase in solid value multiple folds over time as it strongly believes in the underlying long term benefits of a company that sits in a vast and diversified carefully selected non-perishable string of titled prime hard asset portfolio in its balance sheet.
DoubleDragon’s nationwide Philippine portfolio of titled hard assets footprint strategically located in Luzon, Visayas and Mindanao is expected to fully mature by 2025 and expected to exceed over P250 billion asset value by 2030 (excluding DoubleDragon’s overseas asset portfolio)./PN
