Robinsons Land Corporation (RLC), a leading diversified real estate company in the Philippines, reported a net income of P1.74 billion for the first quarter of 2022 from P2.9 billion in the same period last year. The firm’s net income in the first quarter of 2021 was boosted by the recognition of...
Ayala Land, Inc. subsidiary AyalaLand Logistics Holdings Corp. (ALLHC) and FLOW Holdings I Philippines Pte. Ltd., the vehicle of FLOW Digital Infrastructure, have signed a framework agreement to develop carrier-neutral data centers across the Philippines. In a disclosure to the Philippine Stock...
AREIT, Inc. (AREIT), the first Philippine real estate investment trust, reported a 59 percent jump in net income to P796 million in the first quarter of 2022, excluding fair value change in investment properties. In a disclosure to the Philippine Stock Exchange, the firm said profit growth was...
The National Commission on Indigenous People (NCIP) issued a Cease and Desist Order (CDO) to Kianteg Development Corporation (KDC) for illegally occupying a portion of Kianteg-Pulangiyon Ancestral Domain (AD) at Barangay Butong and Barangay San Jose, Municipality of Quezon, Province of Bukidnon....
Vista Land and Lifescape’s Camella, the most trusted and preferred housing brand in the Philippines, is simultaneously launching 10 horizontal and vertical housing developments in Metro Manila and across the regions. According to Vista Land Chief Operating Officer Jerylle Luz C. Quismundo, the...
Filinvest Land Inc. is planning to raise up to P11.9 billion from its proposed P8.0 billion bond issuance, with an oversubscription option of up to P3.9 billion. In a statement, Philippine Rating Services Corporation (PhilRatings) said it has assigned its highest Issue Credit Rating of PRS Aaa to...
Imagine a property tucked away amidst manicured gardens, with luxurious amenities and an iconic view of an all-weather, 27-hole championship golf course in a picture-perfect setting. Imagine having a quick nature escape from the fast-paced, busy, and stressful life in the city. Imagine private...
Senatorial candidate Jose Manuel ‘Chel’ Diokno on Thursday, April 28, called out the government for the ongoing delay in the rehabilitation of Marawi City and in the settlement of land titles of displaced residents. Human rights lawyer Chel Diokno (FACEBOOK / FILE PHOTO / MANILA BULLETIN)...
Real estate giant Ayala Land Inc. is now ready to open new malls and pursue the construction of new ones as it becomes more optimistic that consumers are going out again as the economy reopens. ALI Chairman Fernando Zobel de Ayala during the firm’s annual stockholders’ meeting noted that...
Ayala Land Inc. has raised P3.47 billion from the sale of shares of AREIT Inc., its real estate investment trust, which it received from a property-for-share swap. In a disclosure to the Philippine Stock Exchange, ALI said it sold 87.37 million AREIT shares at a transaction price of P39.70 per...
The BGC Community farm was constructed in the middle of BGC. (Jerome Sagcal) The streets of Bonifacio Global City (BGC) are lined with skyscrapers, but take a turn from 5th Avenue into 34th Street and you will find a green patch of land unlike anything else in the business district. On this corner...
RL Commercial REIT Inc. (RCR), the Philippines’ largest real estate investment trust, has finalized the infusion of the P5.9 billion Robinsons Cyberscape Gamma by its sponsor Robinsons Land Corporation (RLC). To be implemented via a property-for-share swap transaction, RLC will get 777.81 million...
