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Manila Bulletin devider Business devider The Stock Market devider Robinsons Land plans phased development of 9.6-hectare prime Davao property

Robinsons Land plans phased development of 9.6-hectare prime Davao property

Published Apr 7, 2026 11:11 am

Gokongwei-led Robinsons Land Corp. (RLC) is planning to beef up its presence in Davao City with the phased development of the 9.6-hectare (ha) Victoria Plaza (VP) property along JP Laurel Avenue.

In a statement on Tuesday, April 7, the firm said the acquisition of the property positions RLC to unlock significant long-term value by enabling large-scale, phased development across office, retail, residential, hotel, and other complementary commercial components.

By securing scale and location in a high-growth market, the company enhances its ability to capture sustained demand, diversify recurring income streams, and strengthen its portfolio of destination estates outside Metro Manila.

The firm said the transaction reflects RLC’s disciplined capital allocation strategy and underscores its confidence in Davao City’s continued economic expansion and rising investor and tenant demand, reinforcing its long-term commitment to key regional growth areas.

While RLC is still completing the acquisition and consolidation of the property, it earlier announced plans to kick off development with the multi-story office building Cybergate Victoria, which is set to be completed in the first half of 2027.

The property, which housed Davao City’s first mall that closed in December 2025, is owned by New City Commercial Corp. (NCCC) Group of Companies through Great Earth Marketing & Development Corp. (GEMDC).

RLC said the nine-story Cybergate Victoria will feature a modern and iconic façade, complemented by a premium lobby design that redefines office space standards in the region.

Engineered for functionality, the building will have an efficient vertical transport system for smooth and convenient access across all floors.

Set to pursue green certification, it will also incorporate sustainable design elements, underscoring RLC’s commitment to environmental responsibility.

This development will further strengthen RLC’s growing portfolio in Mindanao, which includes eight shopping malls, three GoHotels properties, a Grand Summit Hotel, and two office buildings on the island.

NCCC Mall VP was opened in 1993 by the Limso family. After it was placed under receivership, NCCC Malls acquired the mall and its complex from Philippine National Bank (PNB) on March 12, 2019.

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