Robinsons Land spending up to P125B in next 5 years

Gokongwei-led real estate developer Robinsons Land Corp. (RLC) is preparing to spend as much as P125 billion over the next five years to fund initiatives that will expand and diversify its investment portfolio.

- — Richmond Mercurio

RLC is expected to invest between P100 billion and P125 billion to support its Vision 5-25-50 roadmap, or about P20 billion to P25 billion annually.

"Based on current computations where historically, our capex has been in the P20 billion to P25 billion range. I guess it would still be the same, except that previously, when we did the P20 billion to P25 billion capex, 20 percent was allocated for the purchase of land," RLC chief financial officer Kerwin Max Tan said.