ROBINSONS LAND CORPORATION OFFICIAL WEBSITE

By Elizabeth L. Sanchez
The Philippine Daily Inquirer
December 27, 2006

PROPERTY firm Robinsons Land Corp. (RLC) is interested in acquiring large tracts of land being disposed of by the government or by other private companies in line with its efforts to develop more mixed use communities, its president, Frederick Go, said.

For one, Go said RLC was interested in the more than 10-hectare property of the Bases Conversion Development Authority in the northern part of Forth Bonifacio in Taguig.

He said the government had yet to announce the bidding schedule for this property and RLC believed it might take six months before the property would be offered for sale. "We are very interested in any large tracks of land that we can buy or develop under possible joint ventures with the land owners," he said.

To finance its acquisitions, Go said RLC would use a combination of debt and equity.

RLC is the country's largest business process outsourcing (BPO) lessor with 116,000 square meters of leasable BPO space. It plans to construct another 80,000 square meters of leasable space in the next 18 months. It is also the second largest mall developer and one of the leading residential builders in the country.

RLC earlier said it was setting aside as much as P8 billion for projects that would be implemented next year to take advantage of the booming office space and residential market.

These projects include a third tower for Cybergate Center in Mandaluyong, which will offer spaces to BPO companies. Cybergate Tower 3, which will have about 43,000 square meters of leasable space, will have 37 floors. It is targeted for completion by the first quarter of 2008.

RLC is also embarking on the construction of another office building in Quezon City. RLC's budget will also be earmarked for ongoing projects such as the 38-story Fifth Avenue Place residential condominium in Fort Bonifacio, the 30-story Gateway Garden Ridge in Mandaluyong, One, Two and Three Adriatico Place in Ermita, Manila, McKinley Park condominium in Fort Bonifacio, its townhouse project Otis 888 Residences in Paco, Manila, and its Woodsville Viverde Mansions in Parañaque.