Robinsons Land Corp. (RLC), led by bilyonaryo Frederick Go, has allocated P20 billion for its capital expenditures this year, focusing on the development of condominiums, residential subdivisions, and hotels.
This year’s capital budget of P20 billion is slightly lower than the P25.86 billion set aside in 2022, reflecting RLC’s strategic approach to investments and market conditions.
In the pipeline for RLC are three malls and two expansions, scheduled for completion within the next two years. One notable project is the Opus mall, which marks RLC’s entry into the high-end retail segment. Located in the Bridgetown Estate in Quezon City, the five-story mall will provide 50,000 square meters of leasable space, targeting discerning shoppers in the area.
Looking ahead, RLC plans to complete the expansion of its mall in Pagadian next year, further strengthening its presence in different urban areas across the country.
With 53 shopping centers nationwide, including eight in Metro Manila and 45 in other urban areas, RLC holds the position of being the second-largest mall operator in the Philippines. These malls boast a combined gross leasable area of 1.6 million square meters, offering diverse retail experiences to consumers.
Recognizing the importance of sustainable office developments, RLC has an extensive pipeline of new office spaces planned for completion in the coming years. Among these projects are GBF Center 1 in Bridgetown Estate, a landmark development that aims to redefine the city skyline and set new standards for sustainable office spaces, as well as GBF2 and Iloilo3.
As a leading provider of IT-BPM office spaces, RLC currently offers 741,000 square meters of leasable space across 31 office developments. The company has established itself as the dominant office landlord in the Ortigas central business district, catering to the needs of various industries.
In its efforts to become a prominent logistics and commerce hub in Luzon, RLC is constructing the RLX Industrial Park at Montclair destination estate in Porac, Pampanga. This development aligns with RLC’s vision of creating strategic locations that facilitate business growth and regional connectivity.
Within the hotels business, RLC is set to complete the expansion of Westin Manila and GOH Plus Tuguegarao this year. With a portfolio of 26 hotels comprising a total of 4,046 room keys across all segments, RLC proudly claims the title of the largest hotel developer and operator in the country.
For its residential projects, RLC has an impressive portfolio of 86 projects, with 69 already completed and 17 currently under construction. This demonstrates RLC’s commitment to providing quality homes to Filipinos across different regions.
As part of its growth strategy, RLC remains actively engaged in seeking strategic opportunities across the country, scouting for potential sites and areas that align with its vision and objectives.
