Robinsons Land Corporation
...libre na renta ng SSS

Robinsons offers more rent-free spaces to SSS

State-run Social Security Service (SSS) said its members can soon access the state fund’s services through more Lingkod Pinoy Centers to be established in 12 future malls of Robinsons Land Corp.

SSS president and chief executive officer Emmanuel Dooc and Robinsons Land president Frederick Go signed recently a supplemental agreement, which provides the SSS additional rent-free spaces in malls to be constructed by RLC under its pipeline.

“We are grateful to RLC for their initiative to help SSS in providing a more convenient place where members can transact with SSS. Robinsons Malls is the first mall to offer rent-free spaces to front-line government agencies such as SSS through its Lingkod Pinoy Center,” Dooc said.

According to Dooc, the new agreement will be effective until 2020. He said the location and timeline of the new SSS offices would depend on the development plans of RLC.

Dooc said this agreement would provide SSS a dozen more satellite offices in Robinsons Malls. At present, there are 31 SSS satellite offices located at Robinsons Malls nationwide.

The partnership between Robinsons Malls and SSS started in April 2012.

“It is gratifying to know that we are in the radar screen. Whenever (RLC) puts up new commercial buildings, SSS is considered,” the SSS chief said.

Go, for his part, said the agreement represents the continuous commitment of the company to provide rent-free spaces for the SSS and help the pension fund cater to the growing needs of its members.

Pls don't follow me....I'm lost too! hehe
...18.20? kailangan ko adjust conservative buy price ko pala dito Tongue

RLC prices stock rights offering at 16% discount

ROBINSONS LAND Corp. (RLC) has priced its P20-billion stock rights offering at P18.20 per rights share, it disclosed to the stock exchange on Thursday.

The Gokongwei-led property developer said the price was based on the volume weighted average price of RLC shares on the PSE as of Jan. 24, discounted by 16%. One rights share will be made available to every 3.7217 existing common shares held as of Jan. 31.

The company last November announced the issuance of 1.1 billion common shares in a stock rights offering. The shares will be offered from Feb. 2 to 8.

BPI Capital Corp. will act as sole issue manager, book runner, and underwriter for the offer.

RLC’s parent firm JG Summit Holdings, Inc. expressed its intent to participate in the offer, saying it plans to avail of any remaining shares that will be unsubscribed by the end of the offer period.

Proceeds of the offering will be used to finance RLC’s acquisition of land located in several parts of the country to support the expansion of its business segments, which include commercial centers, residential, office buildings, and hotels.

For shopping malls, the company ended 2017 with 47 under its portfolio. It opened a new mall in Tacloban, Leyte in December. Under the residential business, RLC has  over 70 condominium buildings and housing projects. The company’s office developments, meanwhile, are located across Metro Manila, Cebu City, and Ilocos.

The hotel segment consists of 10 Go Hotels, three hotels under the Summit brand, as well as the Intercontinental Hotels Group, which manages Crowne Plaza Manila Galleria and Holiday Inn Manila Galleria.

In 2017, RLC said it is forming a fifth unit that will handle infrastructure-related businesses. The new company will be the one entering bids for government infrastructure projects, reclamation projects, mixed-use complexes and real estate-related infrastructure projects.

Incorporated in 1980, RLC’s other subsidiaries include Robinson’s Inn, Inc., Robinsons Realty and Management Corporation, Robinsons (Cayman) Limited, Robinsons Properties Marketing and Management Corporation, Altus Angeles, Inc., Altus San Nicolas Corp.,GoHotels Davao, Inc., RLC Resources, Ltd., and Lingkod Pinoy Bus Liner, Inc.

RLC’s attributable profit for the first nine months of 2017 stood at P4.56 billion, slightly higher than the P4.50 billion reported in the same period in 2016. Nine-month revenues were also flat at P16.64 billion.

Pls don't follow me....I'm lost too! hehe
RLC opens office spaces in Ilocos Norte mall

ROBINSONS LAND Corp. (RLC) has opened new office spaces in the newly expanded Robinsons Place Ilocos Norte, looking to take advantage of the growing number of business process outsourcing (BPO) firms expanding into the provinces. 

In a statement issued Tuesday, the Gokongwei-led property developer said it has unveiled office spaces spanning a gross leasable area (GLA) of 7,829.24 square meters (sq.m.).

Accredited by the Philippine Economic Zone Authority (PEZA), the offices cover three out of four floors in Robinsons Place Ilocos in San Nicolas, Ilocos Norte.

“The site of Robinsons Place Ilocos makes it ideal for BPO offices since it is within close proximity to several universities — five minutes away from Laoag City and 20 minutes from the airport, and is easily accessible from the national highway,” RLC Office Buildings Division and General Manager Faraday D. Go was quoted as saying in a statement.

The company completed the expansion of Robinsons Place Ilocos in 2016, bringing its gross leasable area to 53,600 sq.m., against the previous 20,500 sq.m. RLC said this was the first premier lifestyle mall in Ilocos Norte. 

RLC also described San Nicolas as the center of business in the province, with the presence of local businesses in the retail, services, manufacturing, real estate leasing, printing and advertising, and distribution sectors. 

The Gokongwei-led property firm also has office spaces in Robinsons Luisita in Tarlac City, Robinsons Cybergate Cebu and Robinsons Galleria Cebu in Cebu City, Cybergate Delta in Davao City, and Cybergate Naga in Naga City. 

“BPO companies locate in the provinces to take advantage of less competition for talent, lower office rental rates, and lower cost of talent,” Mr. Go said. 

Property consultancy firms have been recommending that real estate developers build office developments outside Metro Manila, in a bid to decongest the metro and tap the talent pool in the provinces. The Oxford Business Group, for instance, cited Ilocos Norte as one of the up-and-coming areas outside Metro Manila in 2017 due to commercial and tourism growth. 

“The location can also serve as a back-up site for BCP (business continuity planning) and there is a significantly lower entry-level salary base as compared to Metro Manila. There are also sufficient telecommunications infrastructure in these provinces as well,” Mr. Go added. 

RLC’s net income attributable to the parent was flat at P4.56 billion in the first nine months of 2017, with revenues also almost the same as year-ago levels at P16.64 billion. 

The company will be conducting a P20-billion stock rights offering from Feb. 2 to 8, with each of the 1.1 billion common shares priced at P18.20. 

Pls don't follow me....I'm lost too! hehe
RLC raises P20 billion from stock rights offering

ROBINSONS LAND Corp. (RLC) has raised P20 billion from the completion of its stock rights offering (SRO) last week.

In a disclosure to the stock exchange Monday, the Gokongwei-led property developer said the SRO, offered from Feb. 2 to 8, was oversubscribed. A total of 1.1 billion shares priced at P18.20 apiece were sold from the issuance, 1.074 billion of which were sold during the first round, while 25.995 million shares were sourced from the oversubscription option.

One rights share was offered for every 3.7217 existing common shares held as of Jan. 31.

The offer brings RLC’s total issued and outstanding shares to 5.194 billion, with 3.871 billion held by local shareholders and 1.322 billion owned by foreign investors.

RLC looks to use the funds raised from the offer to finance land acquisitions that would support the expansion of its commercial, residential, office, and hospitality businesses.

The company booked a single-digit increase in attributable profit in the first nine months of 2017 to P4.56 billion, following flat revenues that stood at P16.64 billion.

Pls don't follow me....I'm lost too! hehe
Robinsons Land to develop more IT parks

ROBINSONS LAND Corp. (RLC) is aiming to develop up to two information technology (IT) parks within the next two to three years, a top official said.

“We hope to put up one or two more within the next two, three years,” RLC General Manager for the Office Buildings Division Faraday D. Go told reporters after the topping off ceremony for one of the company’s office buildings in Quezon City last week.

The Gokongwei-led firm currently has three IT parks, namely Bridgetown in Quezon City, Robinsons CyberGate in Mandaluyong, and Robinsons CyberGate in Davao. Office buildings in these IT parks typically host business process outsourcing (BPO) firms.

“It speeds up the PEZA process,” Mr. Go said, referring to the accreditation from the Philippine Economic Zone Authority (PEZA) that grants tax perks to locators. Other fiscal incentives include income tax holiday, tax and duty-free importation of raw materials, capital equipment, machineries and spare parts, among others.

Aside from office buildings, RLC’s IT parks also have residential, retail, and hospitality components. The 30-hectare Bridgetown, for instance, will have a Robinsons Mall and a hotel in the next 15 to 20 years of the estate’s development.

This year, the company is ramping up its office space portfolio with the opening of three buildings, aiming to end the year with 20 office buildings. With a gross leasable area of around 113,000 square meters (sq.m.), this will bring RLC’s inventory to 518,000 sq.m. by the end of the year, 28% higher than its 2017 figure of 405,000 sq.m.

RLC is banking on the BPO sector to continue driving demand in the coming years.

In its 2018 property forecast, real estate consulting services firm Colliers Philippines said BPO firms are expected to take up at least 450,000 sq.m. of office space in 2018. This is half of the 900,000-sq.m. office space inventory expected to be added to the Metro Manila stock for the year.

The office segment contributed P2.14 billion to RLC’s total revenues for the first three quarters of 2017, or a share of 14%.

RLC posted a net income attributable to the parent of P4.57 billion in the first nine months of 2017, slightly higher than the P4.5 billion it generated in the same period in 2016, amid a 2% dip in revenues to P16.6 billion during the period.

Pls don't follow me....I'm lost too! hehe
...hindi kaya mag-over supply na office space this year? actually pwede na 'to RLC sa presyo nya today...start accumulating na

Robinsons Land to open three office buildings this year

ROBINSONS LAND Corp. (RLC) plans to open three new office buildings this year, as it targets to end 2018 with around half a million square meters (sq.m.) in leasable space.

Scheduled to open this year are Exxa and Zeta Towers, located inside RLC’s 30-hectare IT park called Bridgetowne in C-5 Road, Ugong Norte, Quezon City. 

The company on Thursday topped off the Zeta Tower, which will be operational by the second half of the year. At 20 storeys, Zeta offers around 35,000 sq.m. of leasable space. Around 3,000 to 4,000 sq.m. is allotted for retail space on the ground level, open to a total of 20 food and service outlet tenants.

Meanwhile, RLC is currently finishing construction of the Exxa Tower. The building is similar to Zeta, with 20 storeys and a floor plate of 2,489 sq.m.

Also set to open this year is the Cyberspace Gamma, located along Topaz and Ruby Roads in Ortigas Center, Pasig City. The tower stands 37 storeys high and will be connected to the company’s other building in the area, Cyberspace Beta.

All the buildings are registered with the Philippine Economic Zone Authority. Rental rates in the office buildings will average P750 per sq.m., which the company said is in line with current prevailing rates in Quezon City.

“(We are targeting) BPOs (business process outsourcing), offshore, outsourcing industry, plus serviced offices and traditional offices,” RLC General Manager for the Office Buildings Division Faraday D. Go told reporters after the topping off ceremony for Zeta Tower on Thursday.

With the three towers having a combined gross leasable area (GLA) of 113,000 sq.m., RLC will end 2018 with 518,000 sq.m. under its portfolio, with 20 operating office buildings. This is 28% higher than the 405,000-sq.m. GLA the company had in 2017.

RLC has also lined up five more office developments in Bridgetowne IT park in the coming years. The company is currently completing the fourth tower in the project called Giga, and is now planning to launch three more.

“With this park it’s very close to the east, that’s Antipolo, Cainta, Pasig… Marami silang talent na makukuha from here (They can recruit a lot talent from the area). That’s why it’s preferred by a lot of BPOs (business process outsourcing companies). And the accessibility here, it is very convenient because there’s a lot of public transport right along Ortigas and C-5,” Mr. Go said, adding the location serves as an alternative to the Ortigas business district.

Mr. Go said they are looking to build office towers in the provincial areas as well.

“We are looking at provincial sites in VisMin (Visayas and Mindanao), and also in North Luzon and South Luzon,” Mr. Go said.

The office segment accounted for P2.14 billion or 14% of RLC’s total revenues for the January to September period in 2017.

RLC’s net income attributable to the parent stood at P4.57 billion in the first nine months of 2017, slightly higher than the P4.5 billion recorded in the same period in 2016, as revenues dipped 2% to P16.6 billion during the period.

Pls don't follow me....I'm lost too! hehe

Robinsons targets MICE market for new Summit Hotel in Tacloban

TACLOBAN CITY — Robinsons Land Corp. (RLC) is targeting the meetings, incentives, conferences, and exhibitions (MICE) market for its Summit Hotel Tacloban, which was formally opened on Thursday.

“We acknowledge that Eastern Visayas is a very strong MICE market as there are a lot of corporate and government activities and there’s very few MICE facilities in Tacloban and Eastern Visayas,” RLC General Manager of Hotels and Resorts Elizabeth Kristine D. Gregorio said in an interview at the event.

Ms. Gregorio said the company is optimistic about cornering a slice of the MICE market in Tacloban, which serves as the regional center of Eastern Visayas. Summit is currently the largest hotel in the city.

“We hope to get a sizeable portion of the MICE market in Tacloban and Eastern Visayas given that we have a very superior product, we have a lot to offer,” she said.

The 138-room hotel, which had a soft opening earlier this year, has a ballroom that can accommodate up to 600 people, and smaller function rooms for meetings.

Maria Trinidad C. Dacuycuy, officer-in-charge of the Department of Tourism-Eastern Visayas office, told media during the event that the department is positioning Tacloban as a MICE destination, especially now with more flights available and a resurgent hotel sector

“About 14 flights (a day), and also more and more hotels are being constructed after typhoon Yolanda (international name: Haiyan), and boutique hotels started mushrooming also because of the demand. So we really need more hotels,” Ms. Dacuycuy said.

Ms. Dacuycuy said in the past, MICE hosting bids would fail due to lack of available accommodations and meeting venues.

“We don’t have a (big) venue and the opening of the Summit Hotel is a welcome development in terms of tourism. So now we can bid confidently for more bigger MICE,” she said.

Ms. Gregorio said RLC is ramping up its hotel projects outside the capital due to growing regional markets.

She said, “There’s a lot of activities outside Metro Manila and each region we’re growing more of our Summit Hotel alongside expanding our Go Hotels. But defntiely Summit Hotel will be a MICE facility. This is the first in Eastern Visayas and the first time that we have both a Summit and a Go Hotel in the same city.”


...ok lang

Robinsons Land Q2 earnings up 16%

Robinsons Land Corp. opened a mall in Ormoc City in Leyte, its 49th shopping center in the country.
ROBINSONS Land Corp. (RLC) delivered a 16% increase in attributable profit during the second quarter of 2018, fueled by the performance of its residential, commercial, and hospitality segments.

In a regulatory filing, the Gokongwei-led property developer said net income attributable to the parent reached P1.79 billion, higher than the P1.54 billion it realized in the same period a year ago. This followed a 20% increase in revenues to P6.74 billion.

For the first semester, RLC’s attributable profit jumped by 14% to P3.33 billion, while revenues went up 19% to P13.1 billion.


The listed firm’s commercial centers division contributed bulk of its gross revenues at P5.82 billion, or 11% higher year-on-year. This was driven by same-mall rental revenue growth, as well as the contribution of new malls including Robinsons Place Iligan, Robinsons Place Naga, Robinsons North Tacloban, Robinsons Place Ormoc, and Robinsons Place Pavia.

Last June, the company opened its 50th mall in the country located in Tuguegarao, adding 38,000 square meters (sq.m.) to the company’s leasable space portfolio. Robinsons Place Tuguegarao covers 60,000 sq.m. in terms of gross floor area.

RLC expects to end the year with 1.508 million sq.m. in gross leasable area for its mall business.

The residential segment generated P4.45 billion in revenues for the first half, up 14% year-on-year. It launched three residential towers, namely Magnolia Tower D, Radiance Manila Bay South, and Acacia Aurora Escalades during the first semester, with plans to unveil two more in the second half.

RLC also saw P1.8 billion in contributions from the office buildings division, 18% higher year-on-year. Hotel business contributed P976.5 million in revenues, as system-wide occupancy rate of 64% helped boost revenues by six percent.

Net leasable area from RLC’s office segment stood at 405,000 sq.m. at the end of 2017, which it targets to expand by 28% to 518,000 sq.m. this year. The company is scheduled to open Exxa, Zeta, and Cyberspace Gamma office towers in Ortigas Center before the year ends.

RLC is further growing the office segment with the addition of Giga Tower, Cybergate Galleria Cebu, Cybergate Magnolia, and Delta Tower Two by 2019, bringing its total NLA to 613,000 sq.m. by then.

Meanwhile, RLC’s infrastructure and integrated developments division contributed P57.4 million for the period.


...mahina blue chips nowadays

Robinsons Land earnings surge in 3rd quarter

ROBINSONS Land Corp. (RLC) almost doubled its attributable profit in the third quarter of 2018, driven by the expansion of its mall network coupled with the higher sales from its residential unit.

In a regulatory filing, the Gokongwei-led property developer said net income attributable to the parent grew by 96% to P3.22 billion in the July to September period, compared to its P1.65-billion earnings in the same period a year ago. Revenues also went up 56% to P8.75 billion for the quarter.

On a nine-month basis, the listed firm’s net income climbed 43% to P6.55 billion versus P4.57 billion by end-September of 2018. This followed a 31% uptick in revenues to P21.8 billion for the period.

“The strong earnings is a result of the strategic initiatives we initiated to respond to the market and the creation of new revenue streams for the company,” RLC President and Chief Operating Officer Frederick L. Go said in a statement.

RLC operates five business segments, namely commercial centers, residential, office buildings, hotels, and infrastructure and integrated development.

Revenues under the mall division rose by 13% to P8.8 billion, as the company hit the 50th mark with the opening of Robinsons Place Tuguegarao last July. This brought RLC’s total mall leasable space to 1.4 million square meters (sq.m.).

RLC said it benefited from the influx of overseas buyers during the period, alongside efforts to improve product development and its sales force. Realized revenues from the segment went up by 29% to P6.5 billion.

Under offices, revenues surged by 17% to P2.8 billion, thanks to new buildings leased out to business process outsourcing (BPO) firms. The company ended September with a net leasable area of 440,000 sq.m. across 18 sites.

RLC’s infrastructure and integrated developments division recorded P2.2 billion in revenues for the period. The newly created division sources its revenues from building warehouses for lease, selling institutional lots, and acquiring land.

The hotels and resorts unit grew its revenues by eight percent to P1.5 billion. The company attributed the slower growth to the weaker sales of some projects, pre-operating expenses of new and upcoming hotels, and higher overhead expected in its head office.

Meanwhile, RLC has started pre-selling its first international project in China, which involves the first phase of a residential high-rise condominium. More than 90%, or 740 out of the 795 units, have already been booked so far. The company expects to recognize the revenues for the project next year.

“RLC continues to look for suitable properties to develop and for land banking across the country,” the company said.

Pls don't follow me....I'm lost too! hehe
11-15 release lang...also good earnings report din siya  Smile

Robinsons Land partners with Frabelle for Cavite projects

ROBINSONS Land Corp. (RLC) has teamed up with the Tiu-Laurel family’s Frabelle Fishing Corp. to establish a firm that can purchase and develop properties in Cavite.

In a disclosure to the stock exchange on Wednesday, the property developer said its board of directors approved the joint venture (JV) partnership with Frabelle. The JV firm will have an authorized capital stock of P1 billion.

“RLC and Frabelle, through a joint venture company, shall purchase, lease and develop real estate properties situated in Bacoor City and other areas. The project is intended to be a mixed-use development and may include residential units and commercial retail outlets,” RLC said in a disclosure.

Founded in 1966 by Francis and Bella Tiu-Laurel, the Manila-based firm specializes in catching sardines, mackerel, round scad, skipjack, frigate, and yellowfin tuna. It supplies fresh, frozen, and processed seafood products locally, as well as markets in Africa, Europe, North America, the Middle East, and Asia, according to its website.

The Frabelle Group also has businesses in cold storage operation, meat processing, and property development.

RLC said profit sharing will be split in accordance with the shareholdings of each company, with the JV firm’s board to have six directors.

The Gokongwei-led RLC has been partnering with several firms this year to further expand its mixed-use developments in the country.

In February, it sealed a partnership with Hong Kong Land International Holdings Ltd. and its subsidiary Ideal Realm Limited for the purchase of a property in Bridgetowne East, Pasig City. RLC also announced its joint venture with Shang Properties, Inc. for a mixed use development in Bonifacio Global City last November.

RLC’s net income climbed by 43% to P6.55 billion in the first nine months of 2018, after revenues grew by 31% to P21.8 billion.

Pls don't follow me....I'm lost too! hehe

Forum Jump:

Users browsing this thread: 1 Guest(s)