Robinsons Land Corp. sponsored real estate investment trust (REIT), RL Commercial REIT, has started its offer period after it secured an approval from the Securities and Exchange Commission (SEC). The initial public offering is up to Php 23.53 Billion. Details of the final REIT plan may be accessed...
RL Commercial REIT, Inc. (RCR) has kicked off its P23.5 billion initial public offering which has generated strong institutional interest following its book-building process. 28461 In an interview, RCR Chairman and President of sponsor Robinsons Land Corporation Frederick D. Go said in a media...
The Gokongwei Group’s RL Commercial REIT Inc. (RCR) has set its final initial public offering price at P6.45 per share, making it the country’s largest real estate investment trust with a market capitalization of P64.2 billion. The firm is raising up to a total of P23.51 billion from its maiden...
It has been said that 2021 is the year of the REIT (real estate investment trust)`after two initial public offerings with a combined market capitalization of P74.36 billion plus two more IPOs in the pipeline with a maximum combined market cap of P128.43 billion. Makati CBD skyline These four IPOs...
The Land Transportation Franchising and Regulatory Board (LTFRB) said drivers and operators of public utility vehicles (PUVs) will no longer have to pay terminal fees in some malls during the two-week enhanced community quarantine (ECQ) in Metro Manila. (File photo/ MANILA BULLETIN) In a statement,...
Robinsons Land Corporation (RLC), the real estate arm of the Gokongwei group of companies, reported a 48 percent jump in net income to P5.45 billion for the first six months of 2021. In a disclosure to the Philippine Stock Exchange, the firm said consolidated revenues rose by 55 percent to P26.00...
The Securities and Exchange Commission (SEC) has approved the planned initial public offerings (IPO) of real estate investment trusts (REIT) sponsored by Robinsons Land Corporation (RLC) and Megaworld Corporation with a combined value of P54 billion. The Commission En Banc resolved to render...
The local information technology and business process management (IT-BPM) sector has been fuelling the growth of the Phillippine office market amid the pandemic and is seen to continue expanding as the global economy recovers. The outsourcing sector had a 37 percent share in total office...
Robinsons Land Corporation (RLC) has expanded its Robinsons Metro East mall with the soon-to-be-launched The Link that will provide a seamless connection to the Marikina station of the Light Rail Transit Line 2 (LRT-2). The firm said The Link takes inspiration from Hong Kong and its malls that are...
Robinsons Land Corporation (RLC) recently expanded its solar energy portfolio to 23 sites located in Robinsons Malls nationwide. With this expansion, total capacity has increased to 29.5 MWin its current locations. Robinsons Malls has been able to generate 92,084,091kW-hof...
Robinsons Land Corporation (RLC), the property development arm of the Gokongwei group, is planning a P26.67 billion initial public offering for its real estate investment trust (REIT) RL Commercial REIT Inc. RLC REIT has just filed with the Securities and Exchange Commission a registration...
The local stock market is seen to move sideways this week as the previous week’s trading shows that investors are not allowing the PSEi to drop too low while not having enough confidence to buy up share prices. “For trend watchers, the best case is for a sideways drift to appear in the next...
