Robinsons Land Acquires 4th property in Global
City
ROBINSONS LAND CORPORATION (RLC), one of the
country’s leading and most respected property developers recently bagged the
sprawling 9,118 square meter lot in Mega Manila’s future business capital,
the Fort Bonifacio Global City.
The new vacant property located along the Millionaire’s row at the corner of
McKinley Drive and Fifth Avenue, is seen as the last remaining premier lots
that has superior vantage point in the whole Global City complex with a
spectacular viewpoint of Manila Golf and Manila Polo Club. Considered the
best available spot and almost a hectare in size, this valuable corner lot
property at the mouth of McKinley Drive is just beside the Regent Parkway.
Planned as the ‘lifestyle gateway’ to Global City, the lot is composed of
two mega-block lots - the first measuring 5,747 sqm. and the second block of
3,371 sqm.
The Gokongwei-led company said it intends to fully maximize the value of its
4th property in Fort Bonifacio by developing an upscale twin-tower
residential project. RLC intends to bring a different level of lifestyle for
its discerning target clientele.
The country’s second largest diversified real estate company is aggressively
seen increasing its presence in the area as it has already acquired and
developing three (3) strategically located prime residential properties in
the booming Global City led by its two ‘sold-out’ projects, the 38-storey
Fifth Avenue Place and the 43-storey McKinley Park Residences, and the
recently launched 28_storey, The Fort Residences.
According to Mr. Frederick D. Go, RLC President and COO, “The newest
acquisition reflects our continued confidence in the Global City, the real
estate industry and the Philippine economy as a whole.”
“We are now drawing the overall master plan and we aim to launch this new
upscale development property the later part of this year,” Go said.
The acquisition signals the continuous strategic land banking for the highly
diversified property giant. The company did not disclose the acquisition
value. RLC is being traded in the Philippine Stock Exchange and has closed
at Php 19.25 yesterday.
Robinsons Land Corporation is the real-estate arm of JG Summit Holdings,
Inc., (JGSHI), one of the country’s largest conglomerates with diverse
interest in branded consumers foods, agro-industrial and commodity food
products, textile, telecommunications, petrochemicals, air transportation
and financial services.