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Robinsons Land opens new mall in Butuan

Posted on December 01, 2013 09:04:50 PM [ BusinessWorldOnline ]

GOKONGWEI-LED Robinsons Land Corp. (RLC) has opened a new mall in Butuan City, the company’s 33rd shopping center, the firm said in a statement over the weekend.

Robinsons Place Butuan, which started operations last week, is a three-level development with a combined total gross floor area of 45,300 square meters.

The Butuan City mall is the company’s first to be opened this year, and the fourth to be opened in Mindanao after Cagayan de Oro City, Davao City, and General Santos City branches.

Located along the major thoroughfare of J.C. Aquino Avenue in Barangay Bayanihan, Robinsons Place Butuan “is envisioned to be the premiere shopping mall in the progressive CARAGA region,” the statement read.

RLC brings to the mall its anchor tenants Robinsons Supermarket, Robinsons Department Store, Robinsons Bank, Robinsons Appliances, and Handyman as well as various restaurants, specialty shops and boutiques.

The shopping center features four digital cinemas (including one three-dimensional cinema), an amusement center, baby care lounge, disabled-friendly facilities, and free Wi-Fi hot spots, according to the statement.

Outside the mall is a transport terminal and an open-air carpark with slots for cars and motorcycles, it added.

The mall will also host satellite office of government agencies, such as the Trade and Foreign Affairs departments, National Bureau of Investigation, among others.

“The Butuan economy is booming and we intend to be part of its growth as the commercial and business hub of the CARAGA region,” RLC’s Commercial Centers Division General Manager Arlene G. Magtibay was quoted in the statement as saying.

RLC’s net income stood at P4.54 billion in the nine months ending June, up 35.12% from P3.36 billion in the same period the past year.

Revenues jumped 23.02% to P12.40 billion from P10.08 billion, while cost of operations rose 26.48% to P6.21 billion from P4.91 billion in the same comparative periods.

Its shares shed five centavos or 0.23% to close P21.80 apiece on Friday last week from P21.85 each on Thursday. -- C. H. C. Venzon      

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