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.
