RLC investing P22 billion for 2025 expansion

MANILA, Philippines — Gokongwei-led real estate developer Robinsons Land Corp. (RLC) is investing P22 billion this year to further bolster its diverse portfolio.

RLC said  the earmarked amount for 2025 is for the continuing capital expenditures of the company for subdivision land, condominium, residential units and other real estate properties for sale.

It will also be used for the development and expansion of investment properties.

The investment will be funded through internally generated cash from operations and borrowings. 

In line with its commitment to business growth and continuity, Robinsons Offices is gearing up to complete various premium office developments this year.

Office developments to be completed such as GBF Center 2, Cybergate Iloilo Tower 3 and Cybergate Dumaguete will further strengthen RLC’s role in shaping the future of the Philippine office landscape. 

Robinsons Offices also intends to expand the work.able brand to high-growth areas such as Makati and Bridgetowne to reinforce its position as a trusted partner for businesses and a catalyst for growth in the country.

Robinsons Offices’ work.able provides plug-and-play and build-to-suit workspaces, catering to clients seeking private offices, co-working spaces, conferencing facilities and event venues.

As of end-2024, work.able operates 11 centers across prime locations, including the Ortigas CBD in Pasig City, Quezon City, Taguig City and Makati City.

With the tourism sector expected to have a full recovery in 2025, Robinsons Hotels and Resorts (RHR  is looking forward to the grand launch of NUSTAR Hotel, the crown jewel ultra-luxury hotel in NUSTAR Integrated Resort.

RHR is also eyeing the completion of the solar panel installations in Grand Summit Hotel Gensan, Summit Hotel Naga and Go Hotels Plus Naga this year. 

RLC said that one of the thrusts of RHR is to be a sustainable hotel operator and developer.

Seeing the favorable effect of solar panel installations on the company’s sustainability performance in the past decade, RLC plans to partner with JG Summit Holdings’ energy arm, Merbau. 

RLC said that Merbau would handle the installation of rooftop solar panels in its malls and will cover part, if not the entirety, of the cost. RLC will then purchase renewable energy from Merbau. 

For 2025, RLC is planning to install rooftop solar panels in four malls and two hotels.

RLC posted a strong 2024 performance, registering a net attributable income to parent of P13.21 billion, up by  10 percent year-on-year, with revenues rising by two percent to P42.88 billion. 

The company’s investment portfolio continued to provide strong growth during the year, contributing to 77 percent of revenues.

Revenues of the investment portfolio increased by 14 percent to P32.83 billion, led by malls, followed by offices, hotels and logistics.