Posted on April 30, 2015 10:04:00 PM
By Claire-Ann M. C. Feliciano, Senior
Reporter
GOKONGWEI-LED Robinsons Land Corp.
(RLC) said it will build three new malls for its fiscal year ending September
this year, and another four for each of the succeeding two years through 2017.
SALES PEOPLE at Gokongwei-led
Robinsons Land Corp. brief potential buyers at a showroom in this undated
photo. -- BW FILE PHOTO
RLC opened a total of six new malls in
its 2014 fiscal year ending September last year.
“Moving forward, for this year we
intend to open three new malls and expand one existing mall,” Frederick D. Go,
RLC president and chief operating officer, said during the company’s annual
stockholders’ meeting late on Wednesday.
Robinsons Place Las Piñas was the
first mall the company opened for its 2015 fiscal year. RLC will later open
this year its first mall in San Jose, Antique as well as its flagship mall in
Cebu.
It will also expand its mall in
Novaliches City.
“All these four projects will increase
our GLA (gross leasable area) by 10% in 2015,” Mr. Go said.
RLC ended fiscal year 2014 with a GLA
of 1.056 million square meters (sq.m.).
“For fiscal year 2016, we intend to
open four new malls and [undertake] one to two mall expansions, thereby
increasing our GLA by 11%,” Mr. Go said.
In 2017, RLC plans to open four new
malls that will lead to an 8% increase in its GLA.
“We continue to aggressively scout for
properties nationwide to replenish land for future malls,” Mr. Go said, adding
that the company also continues to be bullish on its office segment.
MORE OFFICE SPACE
For its office leasing business, RLC
grew its net leasable area (NLA) by 42% to 275,000 sq.m. in the last fiscal
year following the completion of Cyberscape Alpha and Cyberscape Beta.
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