RLC buys 5th Fort Boni lot
Business World, May 8, 2007
By Ruby Anne M. Rubio
Gokongwei-led Robinsons Land Corp. (RLC) is
reinforcing its presence in the Bonifacio Global City in Taguig with its
fifth acquisition of a 9,819-square meter property.
Boosting its land bank, RLC is now finalizing the master plan to optimize
the “highly prized vacant property” in the Bonifacio Global City’s South
District intended to mimic the master developments in Shanghai and Dubai.
The Trion Towers, which is a three-tower premium residential Condominium,
will be introduced to the market next quarter.
The company did not disclose the acquisition value.
“The latest acquisition demonstrates RLC’s continued confidence in the
company’s projects and on the country’s property sector,” President and
chief operating officer Frederick D. Go said in a statement.
Retail shops and commercial components will support the residential project.
Flat and loft type units will be available in one-, two- and three- bedroom
models designed to attract mega Manila’s populace, Filipino-Americans,
balikbayans, professionals, investors and expatriates.
The listed property firm will introduce buildings in a triangle formation,
where each tower is linked by a bridgeway via a “podium-like activity park”
all buildings will be designed to be a “central park” and full maximize the
“residential wellness, greenlivability and value of the property.”
“(RLC) plans to introduce an upgraded ‘value concept’ by providing real
choices for its target clientele. It plans to harness new building
technology, greenlivability and cutting edge ergo designs,” the statement
read.
Two weeks ago, RLC bought a 9,188 square property along the upscale McKinley
Drive corner Fifth Avenue following after its sold out projects in he area,
namely, the 38-storey Fifth Avenue Place and the 43-storey McKinley Park
Residences aside from the 28-storey The Fort Residences.
At the Philippine Stock Exchange, RLC shares closed unchanged at P17.50
yesterday.