Logistics and warehousing in the Philippines is poised for some rapid growth as local and overseas investors take advantage of booming household consumption. Manila’s improved relations with Beijing are also boosting investment in the sector from Chinese companies, including Alibaba Group Holding, the world’s largest online trading platform.
In October 2018, Lazada Group, an Alibaba affiliate, opened a 54,000 square metre warehouse in Laguna – its largest fulfilment centre in Southeast Asia with a total storage capacity of five million items.
According to Santos Knight Frank, its report “The Future of Logistics: A Real Estate Perspective” noted that the Philippine real estate is the “next big thing”, as it presents growth opportunities for developers amid the e-commerce boom.