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Robinsons Land passes its PHP 5.9B Ortigas building to REIT firm
Apr 23, 2022
RL Commercial REIT is the real estate investment trust (REIT) of Robinsons Land Corp., the property giant owned by Gokongwei-led conglomerate JG Summit Holdings.
RL Commercial REIT is taking control of Robinsons Cyberscape Gamma from Robinsons Land, the company’s REIT sponsor.
It would also issue 777.81 million shares to Robinsons Land for the project, a 37-story Grade-A, PEZA-registered building with a total gross leasable area of 44,797 square meters and an occupancy rate of over 90 percent.
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