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.
OFFERINGS
“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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