Jollibee investing $77m in IPO-bound industrial REIT CentralHub

Jollibee investing $77m in IPO-bound industrial REIT CentralHub

Manila, Philippines. Photo: David Milmont/unsplash

Philippine-listed fast-food giant Jollibee Foods Corporation (JFC) has approved a 3.9 billion pesos ($77 million) investment to create the country’s first and largest industrial real estate investment trust (REIT) in partnership with realty major DoubleDragon.