By Richmond S. Mercurio (The
Philippine Star) | Updated November 21, 2014 - 12:00am
MANILA, Philippines - Robinsons Land
Corp. (RLC) is adding more muscle to its office property portfolio as it plans
to expand outside Metro Manila and develop synergies with more of its mall
developments.
In an interview, RLC general manager
for office buildings division Faraday D. Go said the property development arm
of tycoon John Gokongwei is initially looking at about six potential sites to
expand its office space presence.
Of the six sites, he said about four
are outside Metro Manila.
“We have several locations that we are looking
into, mostly those with existing malls. Most of them have malls already and we
would like to maximize the opportunity,” Go said.
He said among the areas being eyed for
possible office developments outside Manila are Ilocos and Bicol.
RLC to date has 10 existing office
buildings under its portfolio, nine of which are in Metro Manila and one in
Cebu.
The property firm topped off yesterday its 11th office building, called
Tera Tower, a 20-story prime office building located in its eight-hectare
master-planned development in Libis, Quezon City.
Tera Tower, which will have 15 floors
of office space for lease and a ground floor allotted for restaurants and
shops, is set for completion by the third quarter of next year.
Go said once completed, Tera Tower would add 34,500 square
meters of gross leasable area (GLA) to RLC’s existing portfolio of 280,000
square meters.
RLC has tapped Colliers International as its exclusive agent
in leasing the building.
Go said expected clients for the tower are those from the
business process outsourcing sector.
“We’re riding on
strong demand from BPO industry,” he said.
RLC to expand office property
portfolio outside Metro
By Richmond S. Mercurio (The
Philippine Star) | Updated November 21, 2014 - 12:00am
MANILA, Philippines - Robinsons Land
Corp. (RLC) is adding more muscle to its office property portfolio as it plans
to expand outside Metro Manila and develop synergies with more of its mall
developments.
In an interview, RLC general manager
for office buildings division Faraday D. Go said the property development arm
of tycoon John Gokongwei is initially looking at about six potential sites to
expand its office space presence.
Of the six sites, he said about four
are outside Metro Manila.
“We have several locations that we are looking
into, mostly those with existing malls. Most of them have malls already and we
would like to maximize the opportunity,” Go said.
He said among the areas being eyed for
possible office developments outside Manila are Ilocos and Bicol.
RLC to date has 10 existing office
buildings under its portfolio, nine of which are in Metro Manila and one in
Cebu.
The property firm topped off yesterday its 11th office building, called
Tera Tower, a 20-story prime office building located in its eight-hectare
master-planned development in Libis, Quezon City.
Tera Tower, which will have 15 floors
of office space for lease and a ground floor allotted for restaurants and
shops, is set for completion by the third quarter of next year.
Go said once completed, Tera Tower would add 34,500 square
meters of gross leasable area (GLA) to RLC’s existing portfolio of 280,000
square meters.
RLC has tapped Colliers International as its exclusive agent
in leasing the building.
Go said expected clients for the tower are those from the
business process outsourcing sector.
“We’re riding on
strong demand from BPO industry,” he said.
_______________________________________________________________
