ROBINSONS LAND CORP. (RLC) said strong tenant demand and long-term relationships with business partners are supporting expansion across its retail, office, industrial, residential and hospitality businesses, with recently opened projects posting high occupancy levels.
The property developer said in a press release on Thursday that the breadth of its portfolio lets tenants and business partners expand operations across different property segments while remaining inside the Robinsons Land network.
“Across Robinsons Malls, Robinsons Offices, Robinsons Hotels and Resorts, Robinsons Logistix and Industrials, Inc. (RLX), RLC Residences, Robinsons Destination Estates, the corporate gives partners several ways to operate, expand and adapt inside the same network,” the corporate said in a web site post.
Recent retail developments have posted strong leasing performance. Robinsons Pagadian in Zamboanga has reached 98% occupancy, while The Plaza Bagong Silang in Caloocan has achieved full occupancy, suggesting sustained tenant demand in provincial and community-based retail developments.
The corporate also continued to expand its office portfolio. Robinsons Offices accomplished GBF Center 2 in Pasig City and Robinsons Cybergate Iloilo Tower 3 last 12 months, while broadening its flexible workspace platform, Work.able, at Robinsons Summit Centers 5 and 6 and GBF Center 2.
The flexible office model allows tenants, particularly business process outsourcing firms, to regulate their office footprint as business requirements change.
“That range gives office tenants more room to regulate. An organization can maintain a standard office, use flexible workspace, or scale inside the Robinsons Land portfolio as its needs change,” the corporate said.
Robinsons Land also said Cybergate Dumaguete, the office unit’s first Grade A business process outsourcing office project in town, is being developed for an existing tenant expanding operations within the Visayas.
In the economic and logistics segment, Robinsons Logistix and Industrials accomplished RLX Taytay 2 in Rizal and RLX Calamba 2E in Laguna. The facilities are intended to support distribution, manufacturing and e-commerce activities in key growth areas.
The corporate said expansion efforts are being guided by identifiable market demand fairly than aggressive asset buildup.
Residential growth can also be being supported by overseas demand. RLC Residences recently partnered with Bahaideals.com, a digital real estate platform, to make property purchases more accessible to Filipinos within the US and Canada.
Meanwhile, Robinsons Hotels and Resorts expanded its luxury portfolio through the opening of NUSTAR Hotel at NUSTAR Resort & Casino in Cebu.
Robinsons Land shares rose 18 centavos to shut at P16.30 each. — Juliana Chloe A. Gonzales