RLC takes over Victoria Plaza

Robinsons Land Corp. (RLC), subsidiary of the Gokongwei Group, has acquired the prime 9.6-hectare (ha) Victoria Plaza (VP) complex in Davao City from New City Commercial Corp. (NCCC) Group of Companies and is kicking off its development with a new office building.

- By JAMES A. LOYOLA

In a disclosure to the Philippine Stock Exchange (PSE), RLC said its office development and leasing arm, Robinsons Offices, will soon develop a world-class, multistory office building along J.P. Laurel Avenue.

This landmark development will rise on a portion of the property acquired from Great Earth Marketing & Development Corp. (GEMDC), which is majority owned by NCCC.