Rockwell Land borrows P5B to fund new projects

Rockwell Land borrows P5B to fund new projects

Lopez-led property firm Rockwell Land has secured a P5 billion long-term loan to partly support its capital expenditure projects as well as general corporate requirements.

Rockwell launched 1 Proscenium, a 21-storey office tower offering premium work spaces within the Rockwell center in Makati City.

In the first half, Rockwell inaugurated Sillion, the fifth tower in 32 Sanson by Rockwell in Cebu, The Villas at Aruga Resort and Residences-Mactan phase 2, and Terreno South phase 3 in Lipa, Batangas.

It is also constructing Arton East, the third and final tower of The Arton by Rockwell in Katipunan, Quezon City, and the Balmori Suites, which has a direct connection to the Power Plant Mall.

The company’s board approved the declaration of P0.0353 per share to all common stockholders. It also approved a cash dividend declaration of P0.006 per share to all preferred shareholders representing six percent annum cumulative dividends for the period July 1, 2020 to June 30, 2021.

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