RLC cites high occupancy, tenant demand

ROBINSONS LAND CORP. (RLC) said strong tenant demand and long-term relationships with business partners are supporting expansion across its retail, office, industrial, residential and hospitality businesses, with recently opened projects posting high occupancy levels.

The property developer said in a statement on Thursday that the breadth of its portfolio lets tenants and business partners expand operations across different property segments while remaining within the Robinsons Land network.

“Across Robinsons Malls, Robinsons Offices, Robinsons Hotels and Resorts, Robinsons Logistix and Industrials, Inc. (RLX), RLC Residences, Robinsons Destination Estates, the company gives partners several ways to operate, expand and adapt within the same network,” the company said in a website post.

Recent retail developments have posted strong leasing performance. Robinsons Pagadian in Zamboanga has reached 98% occupancy, while The Plaza Bagong Silang in Caloocan has achieved full occupancy, suggesting sustained tenant demand in provincial and community-based retail developments.

The company also continued to expand its office portfolio. Robinsons Offices completed GBF Center 2 in Pasig City and Robinsons Cybergate Iloilo Tower 3 last year, while broadening its flexible workspace platform, Work.able, at Robinsons Summit Centers 5 and 6 and GBF Center 2.

The flexible office model allows tenants, particularly business process outsourcing companies, to adjust their office footprint as business requirements change.

“That range gives office tenants more room to adjust. A company can maintain a conventional office, use flexible workspace, or scale within the Robinsons Land portfolio as its needs change,” the company said.

Robinsons Land also said Cybergate Dumaguete, the office unit’s first Grade A business process outsourcing office project in the city, is being developed for an existing tenant expanding operations in the Visayas.

In the industrial and logistics segment, Robinsons Logistix and Industrials completed RLX Taytay 2 in Rizal and RLX Calamba 2E in Laguna. The facilities are intended to support distribution, manufacturing and e-commerce activities in key growth areas.

The company said expansion efforts are being guided by identifiable market demand rather than aggressive asset buildup.

Residential growth is also being supported by overseas demand. RLC Residences recently partnered with Bahaideals.com, a digital real estate platform, to make property purchases more accessible to Filipinos in the US and Canada.

Meanwhile, Robinsons Hotels and Resorts expanded its luxury portfolio through the opening of NUSTAR Hotel at NUSTAR Resort & Casino in Cebu.

Robinsons Land shares rose 18 centavos to close at P16.30 each. — Juliana Chloe A. Gonzales