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Robinsons mall to rise in Capiz

Posted on January 21, 2013 10:16:37 PM [ BusinessWorld Online ]
PROPERTY DEVELOPER Robinsons Land Corp. is set to further expand its mall portfolio in the Visayas by opening this November Robinsons Place Roxas, its first mall in Capiz, the company said in a statement yesterday.
“In November this year, Robinsons Place Roxas is scheduled to open in Roxas City, the ‘Seafood Capital’ of the Philippines,” the statement read.
“As the newest and largest first full-service mall in the area, it is envisioned to serve not only the 47 barangays of Roxas City, but also the 16 towns of Capiz province on Panay island as well.”
Currently, Robinsons Land’s malls in the Visayas are located in Iloilo City, Bacolod City, Cebu City, Negros Oriental, and Leyte, according to the company’s end-September 2012 financial report showed.
This will be the Gokongwei-led firm’s first mall in Roxas City.
“As the first full service mall in Roxas (City), Robinsons Place Roxas will bring the ultimate in shopping, lifestyle and business convenience under one roof. At Robinsons Place Roxas, we will offer both quality and affordability with a complete and assorted variety of well-known retail brands,” said Arlene G. Magtibay, Robinsons Land general manger for Commercial Centers Division, said in the statement.
Upon completion, the two-storey Robinsons Place Roxas, which will be located at the Pueblo de Panay commercial hub in Barangay Lawaan, will have 37,000 square meters in total floor area that will house Robinsons Supermarket, Robinsons Department Store, Robinsons Movieworld, Handyman Do-it-Best, and Robinsons Appliance Center, the statement read.
The mall will also have a food court, amusement center, and bingo activity center, as well as space for over a hundred retailers, four state-of-the-art cinemas with total capacity for 1,000 viewers, and a main atrium for local shows, events, exhibitions and other community gatherings, the statement added.
Robinsons Place Roxas’ exterior will sport tinted glass walls with beige and red designs, while full-height windows for natural lighting and Asian-themed green spaces are designed to offer environmentally friendly features, Robinsons Land said in the statement.
Ms. Magtibay also noted Robinsons Place Roxas’ accessibility to major city points. “The mall is just one kilometer away from Roxas City’s main plaza and is conveniently 200 meters away from an existing bus and AUV (Asian utility vehicle) terminal,” she said.
Robinsons Land, incorporated in 1980, is the property arm of listed conglomerate JG Summit Holdings, Inc. As of end-September last year, the company operated 32 shopping malls, 34 residential projects, eight office buildings, and nine hotels.
Robinsons Land and its subsidiaries are engaged in the business of selling, acquiring, building, developing, leasing and disposing of real properties such as land, buildings, shopping malls, commercial centers and housing projects, hotels and mixed-used property projects.
The company’s Commercial Centers Division, which handles malls, accounted for a bulk of the firm’s revenues. The division boosted its revenues by 11.63% to P6.43 billion in the fiscal year 2012 that ended September from P5.76 billion the previous year.
Robinsons Land posted a net income of P4.24 billion in its 2012 fiscal year, up 6.80% from P3.97 billion the previous year, fueled by higher revenues from its commercial, office, and hotel units despite a slowdown in its residential business. Revenues climbed by 5.54% to P13.52 billion from P12.81 billion, while costs expanded by 13.33% to P7.14 billion from P6.30 billion.
Shares of Robinsons Land gained 10 centavos or 0.47% to P21.50 apiece yesterday from P21.40 last Friday. -- FJGDLF          

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