Doubledragon, Myhealth clinics ink deal

DoubleDragon Properties Corp. announced a strategic partnership with MyHealth Clinics that will cover its CityMall shopping outlets across the country.

MyHealth Clinic is one of the country’s largest networks of full-service clinics offering extensive and comprehensive outpatient health care products and services.

According to DoubleDragon, the first rollout of MyHealth Clinics will cover 12 CityMall locations over the next 12 months.

“With the addition of state-of-the-art medical and dental clinics in CityMalls, we will now have the best modern retail brands, the strongest fast food brands, the leading entertainment cinemas and the foremost medical clinic provider all in one roof. These strong alliances further solidify the relevance of CityMalls in the communities we serve,” DoubleDragon chair Edgar Sia II said in the statement.

“The whole DoubleDragon team is determined to make CityMall soon be the new center of gravity of every provincial community in the Philippine countryside,” he added.

MyHealth Clinic is a member of the Equicom Group and an affiliate of Maxicare Healthcare Corp., the largest health maintenance organization in the Philippines.

DoubleDragon is led by Sia and Tony Tan Caktiong, the billionaire founder of Jollibee Foods Corp.

The company noted in its statement that it was maintaining its aggressive growth targets.

Specifically, it plans to complete a leasable portfolio of 1.2 million square meters by 2020, comprising 700,000 sqm from 100 CityMalls, 300,000 sqm from its Metro Manila office projects DD Meridian Park and Jollibee Tower, 100,000 sqm from the planned 5,000 hotel rooms of Hotel101 and JinJiang Inn Philippines, and another 100,000 sqm of industrial space from various Central Hub sites across the country.

“DoubleDragon’s four pillars of growth continue to strengthen in provincial retail leasing, office leasing, industrial leasing and hospitality, which will provide the company with a diversified source of recurring revenues backed by a string of appreciating hard assets,” the company noted in its statement. —MIGUEL R. CAMUS