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DDMP REIT, Inc.DDMPR PSE Disclosure Form REIT-2 - Reinvestment Plan Progress Report
Reference: Section 6 of the Amended PSE Listing Rules for REITS
  • Annual Report
  • Quarterly Report
Subject of the Disclosure

Use of Proceeds generated from the Initial Public Offering (IPO) of DDMP REIT, Inc. ("DDMPR") pursuant to the Reinvestment Plan of DoubleDragon Corporation, as Sponsor of DDMP REIT, Inc.

Background/Description of the Disclosure

Annual Progress Report on the Application of Proceeds for the year 2021, duly certified by our external auditors, in compliance with the disclosure requirements of the Philippine Stock Exchange, in relation to the Reinvestment Plan submitted in connection with the IPO of DDMPR, pursuant to the Reinvestment Plan of DoubleDragon Corporation, as Sponsor of DDMP REIT, Inc.

Update or Status of the Reinvestment Plan

As of December 31, 2021, the remaining balance of proceeds from DDMPR IPO amounts to Six Billion Ninety-Six Million Ninety-Nine Thousand Six Hundred Sixty-Five pesos and Thirty-Five centavos (PHP 6,096,099,665.35).

Summary of Transactions Involving Real Estate and/or Infrastructure Projects for the Period

Project Name: Robinsons DoubleDragon Square
Disbursing Entity: Robinsons DoubleDragon Corp.
Amount: PHP 336,527,662.59

Project Name: Jollibee Tower
Disbursing Entity: DoubleDragon Corporation
Amount: PHP 909,102,093.00

Project Name: CentraHub
Disbursing Entity: CentralHub Industrial Centers, Inc.
Amount: PHP 1,599,976,978.53

Project Name: Jinjiang Inn - Boracay Newcoast
Disbursing Entity: Hotel of Asia, Inc.
Amount: PHP 40,000,000.00

Description of Real Estate Assets and/or Infrastructure Projects for the Period

Robinsons DoubleDragon Square is a joint venture office project with Robinsons Land Corp. located in Bridgetowne Libis Quezon City.

Jollibee Tower is a Grade A 41-storey commercial and office tower situated in the heart of the Ortigas central business district in Metro Manila.

CentralHub Industrial Centers, Inc. is the industrial leasing arm of DD providing modern logistics warehouses suited for commissaries, cold storage and logistics centers

Hotel of Asia, Inc. is the hotel arm of DD. The primary purpose is to engage in and carry on the business of operating hotels and resorts and to operate and maintain any and all related services and facilities.

Other Relevant Information

Amended the disclosure to include summary of transactions involving Real Estate and/or Infrastructure projects for the period.

Filed on behalf by:
Name Jose Roelph Desales
Designation Department Head

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DDMP REIT Inc. published this content on 02 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 February 2022 05:48:01 UTC.