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Robinsons Land Corp plans to boost RCR by adding malls and office spaces, aiming to increase its size by two-thirds.
Robinsons Land Corp (RLC) plans to grow RL Commercial REIT Inc. (RCR) by infusing more assets, including malls and office spaces, into the real estate investment trust.
RLC aims to increase RCR's size by two-thirds, adding 1.4 million square meters of mall space and 250,000 square meters of office space.
RCR, currently valued at over P100 billion, has a 96% occupancy rate.
RLC also commits to expanding malls and offices by 50% by 2030.
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Robinsons Land Corp planea impulsar RCR añadiendo centros comerciales y espacios de oficina, con el objetivo de aumentar su tamaño en dos tercios.