Prøve GULL - Gratis

Robinsons REIT absorbs P30.67 B mall assets

The Philippine Star

|

June 20, 2025

Gokongwei-led Robinsons Land Corp. (RLC) is poised to infuse P30.67 billion worth of mall assets to its real estate investment trust unit RL Commercial REIT Inc. (RCR) via a property-for-share swap.

- By Richmond Mercurio

Under the property-for-share swap transaction, RLC will subscribe to 3.83 billion primary common shares of RCR at a price of P8 apiece, as supported by a Securities and Exchange Commission- or Philippine Stock Exchange-accredited appraiser and a third-party fairness opinion.

A total of nine RLC malls totaling 324,107.75 square meters of gross leasable space, meanwhile, will be infused into RCR.

The malls include Robinsons Dasmariñas, Robinsons Starmills, Robinsons General Trias, Robinsons Cybergate Cebu, Robinsons Tacloban, Robinsons Malolos, Robinsons Santiago, Robinsons Magnolia and Robinsons Tuguegarao.

FLERE HISTORIER FRA The Philippine Star

The Philippine Star

The Philippine Star

LOVE IT OR HATE IT, 'QUEZON' ISN'T A FILM YOU CAN EASILY IGNORE

Jericho Rosales' portrayal of Manuel L. Quezon, the first president of the Philippine Commonwealth, is powerful, nuanced and brimming with conviction. He inhabits the role with intelligence and emotional honesty, showcasing his depth and maturity as an actor. No surprise if he takes home multiple Best Actor awards next year.

time to read

4 mins

November 03, 2025

The Philippine Star

Gibo to Asean: Condemn nature reserve declaration

Defense Secretary Gilbert Teodoro has called on his counterparts in Southeast Asia to condemn the harassment being perpetrated against Filipino fisherfolk in the West Philippine Sea (WPS), who are denied the right to fish in sovereign waters.

time to read

1 mins

November 03, 2025

The Philippine Star

The Philippine Star

Gatchalian wants P49-B medical aid realigned

The government's P49-billion medical assistance fund for indigent patients may be realigned to strengthen the zero-balance billing program, under a proposal by Sen. Sherwin Gatchalian, who said health care access should not depend on politicians’ discretion.

time to read

1 min

November 03, 2025

The Philippine Star

The Philippine Star

'BEAUTY AND THE BEAST' IS SET TO ENCHANT YOU IN SINGAPORE IN DECEMBER

The world has been enchanted by Disney's Beauty and the Beast for over 30 years now, starting with the original animated film that hit theaters in 1991 and became the first animated movie to receive a Best Picture nomination at the Oscars.

time to read

6 mins

November 03, 2025

The Philippine Star

The Philippine Star

BBM meets with Chile, South Korea leaders

President Marcos arrived in Manila yesterday following his participation in the Asia-Pacific Economic Cooperation (APEC) Summit in South Korea.

time to read

3 mins

November 03, 2025

The Philippine Star

The Philippine Star

CHAD BORJA MAKES MEDELLIN IN CEBU BENEFICIARY OF COMEBACK SHOW

The September 30 earthquake, which had Bogo, Cebu as the epicenter, killed a number of people, destroyed hundreds of houses and devastated thousands of individuals.

time to read

5 mins

November 03, 2025

The Philippine Star

Xi delivers veiled warning to nations not to take the US' side

Chinese leader Xi Jinping, the de facto geopolitical heavyweight at an Asia-Pacific economic summit, on Friday courted countries for trade and investment, but also implicitly warned them not to join the United States in reducing the world's reliance on Chinese supply chains.

time to read

1 mins

November 03, 2025

The Philippine Star

'Inflation stays below 2% in Oct'

Price growth seen below target for 8th straight month

time to read

2 mins

November 03, 2025

The Philippine Star

The Philippine Star

Raps vs anti-Discaya protester junked

Environmental activist Jonila Castro did not lead or organize the Sept. 4 protest at the Discaya-owned St. Gerrard Construction office in Pasig, according to the city prosecutor's office.

time to read

1 min

November 03, 2025

The Philippine Star

Left behind, again!

According to reports from Kuala Lumpur where the ASEAN Summit conference was held last week, the US granted a zero percent import tariff exemption to three outheast Asian countries — Thailand, Malaysia and Cambodia — under new trade agreements approved directly by US President Donald Trump.

time to read

4 mins

November 03, 2025

Listen

Translate

Share

-
+

Change font size