Robinsons Land Properties in the Philippines

A third Robinsons mall in Cebu officially broke ground at a 4.6 hectare lot along General Maxilom Avenue in Cebu City yesterday, part of a development worth over P5 billion. In a press conference, Robinsons Land Corp. president Frederick D. Go said Robinson’s Galleria Cebu will have 300 tenants offering international and local product brands and services. “We are investing over P5 billion for the development of the whole property which will include a Go Hotel, a BPO (business process outsourcing) building and four residential premium condominium towers,” said Go. Go said the new project will be the third Robinson mall in Cebu after Robinsons Fuente and Robinsons Cybergate Cebu and the second mall in the country that is issued the “Galleria” brand. Aside from anchor tenants like Robinsons Department Store, Robinsons Supermarket, True Value, Robinsons Appliances, Saizen and Toys R’ Us, the mall will house six cinemas including two 3D theaters with a total seating ca

Robinsons Maxilom Planned Design - Galleria Cebu CEBU, Philippines - Gokongwei-led Robinsons Land Corporation (RLC) is going to start the construction of its second shopping mall project in Cebu called the “Robinsons Galleria-Cebu,” located at the General Maxilom Street at the North Reclamation Area (NRA).The ground breaking ceremony, which will formally start the project, will be on July 25, 2012. Recognizing Cebu’s fast growing economy and booming retail industry, the company is pouring in a significant investment to the province aside from its aggressive movement in the real estate industry through Robinsons Land Inc. (RLI). In an earlier interview, RLI president and chief executive officer (CEO) Frederick D. Go said that aside from the establishment of the “Robinsons Galleria-Cebu,” the company plans to develop a mixed-used development at the five-hectare property at the NRA, that will include building of a hotel, commercial complex and high-rise condominiums.

MANILA, Philippines - Solenn Heussaff is the new celebrity endorser of Robinsons Land Corp. The Filipina-French actress was chosen not only because of her looks but also because she embodies the brand. Solenn comes from a good family, her French father is a former French Navy Seal while her Filipino mother was a Bayanihan dancer. She is well-educated, having been schooled in Philippine and French institutions. She is fluent in English and French and speaks Filipino. She loves the arts and studied fashion design and makeup and cosmetic artistry in Paris. Solenn is not someone who wakes up late, goes to a salon, shops, goes to the gym and attends parties in the evening. She is well-spoken and articulate. She and her family, which includes sister Vanessa and brother Erwan, love to travel. Solenn also has a good heart. The proceeds of her planned exhibit of paintings, which will feature celebrities as the subjects, will all go to the charity. Even before she joined S

MANILA, Philippines - Gokongwei-led Robinsons Land Corp. (RLC) posted a net income of P2.24 billion in the first half of its fiscal year ending September this year, up 10 percent from P2.04 billion in the previous period, on steady growth in sales. In a financial report submitted to the Philippine Stock Exchange, the property developer said unaudited revenues from October 2011 to March 2012 grew 13.6 percent to P7.11 billion while EBITDA (earnings before interest, taxes depreciation and amortization) rose seven percent to P3.93 billion. Combined real estate and hotel revenues rose by 12 percent to P6.68 billion from P5.94 billion. Interest income grew 37 percent due to higher level of money market placements. Costs and expenses, however, climbed to P4.28 billion from P3.68 billion due to higher level of repairs and maintenance for various malls, higher film rentals, and higher cost of sales from residential division, among others. The commercial centers div

PROFITS OF JG Summit Holdings, Inc. surged by 76.7% to P4.91 billion in the first quarter of the year, propelled by the strong performance of subsidiaries and gains from its stake in the Philippine Long Distance Telephone Co. (PLDT), a disclosure to the local bourse yesterday showed. “[This] includes the net income from discontinued operations of Digital Telecommunications Philippines, Inc. (Digitel) of P397.76 million,” the disclosure read. “Dividend income from our investment in PLDT amounting to P1.90 billion mainly contributed to the higher net income for the period,” it added. Regulators last year approved PLDT’s takeover of Digitel, which operates Sun Cellular. Consolidated revenues went up by 13.9% to P33.48 billion from P29.41 billion “due to the strong performance of all business units.” Food and beverage arm Universal Robina Corp.’s net income attributable to equity holders more than doubled to P2.2 billion in the first quarter on the back of strong domestic and i

Thursday, March 15, 2012   CEBU – Cebu City may become even more popular among local and foreign tourists and may just land in the list of the New 7 Wonders Cities next year. That is, if it can get enough votes to compete with big cities like New York, Paris and Tokyo. As of Wednesday,  Cebu City  ranks second among 44 cities in Southeast Asia and Oceania in the search involving some 1,200 cities from 220 countries. The search and online voting is being facilitated by the New7Wonders , the same group behind the man-made New 7 Wonders of the World and the New 7 Wonders of Nature. Although it was the first time they heard about the search, officials of the Department of Tourism (DOT) Central Visayas,  Cebu City Government  and the  Cebu  Investment and Promotions Center (CIPC) welcomed the nomination. “Just to be nominated, it would already help promote Cebu City as a tourist destination. Cebu City is different from other cities because for one, it is the seat of Christian

RLC Cebu Property Showcase  in Pagadian City Robinsons Land Corporation brings to Pagadian City  the choicest and hottest properties in Cebu this summer! §         Live in your dream vacation home in Mactan with  Amisa Private Residences. § Experience ultimate convenience at  Azalea Place  centrally located in Cebu City. §         Get the chance to have a cool appliance gift when you choose to own any of these prime Cebu properties. Be part of our Property Showcase Party: Wednesday, March 21, 2012 Registration starts at 5 pm Marigold Hall, 2 nd  Floor Mardale Hotel and Convention Center Rizal Avenue cor F.S. Pajares Avenue, Pagadian City ||||||||||||||||||||||||||||||||||||||||||||||||||||||||| Own a Beachfront Condo in Mactan - Cebu  for as low as  * Php35,000.00 per month.  Discover your Options at  AmiSa Private Residences - Mactan. Own a Condo in the City  for as low as  * Php15,000.00 per month  . Life's Simple Joys are Always Within Reach a

MANILA, Philippines - Robinsons Land Corp. (RLC), one of the country’s largest property developers, was recently awarded Asiamoney magazine’s Best Managed Company Small-Cap category in the Philippines in 2011. Asiamoney, a leading financial publication based in Hong Kong, said RLC earned the award [because of the sensible way management has run the company’s operations.” “We are honored and happy that our efforts to steer the company amid these challenging times have been recognized by such a prestigious publication as Asiamoney,” said RLC president Frederick Go. “The Philippines’ second-largest builder and operator of malls has continued to grow revenues and profits,” noted Asiamoney. RLC posted a 10 percent growth in net profit for the fiscal year ending Sept. 30, 2011 to P3.97 billion from the P3.59 billion earned in fiscal year 2010 on stronger leasing revenues and residential sales. It generated total gross revenues of P13.34 billion for fiscal year 2

Creba Speaks  By CHARLIE A.V. GORAYEB  February 2, 2012, 2:59am MANILA, Philippines — Starting Jan. 1 this year, real estate buyers can already enjoy added relief from value-added taxes (VAT) with the passage of BIR Revenue Regulation No. 16-2011, which effectively increases the threshold amounts for VAT-exempt transactions, as follows: (1) From P1.5 million to P1,915,500 for residential lots; and (2) From P2.5 million to P3,199,200 for house and lot packages or other residential dwellings. Adjacent lots, even if covered by separate titles and tax declarations, can be counted together when sold to a singular buyer. This means that multiple lots sold or disposed in favor of one buyer for the purpose of utilizing them as one residential lot will be VAT-exempt for as long as the aggregate value of the sale does not exceed the P1,919,500 limit. The lease of residential units for a monthly rent of P12,800 and below shall likewise be VAT-free. Residential units leased over P12,800 monthly

Stable recurring income By:   Doris C. Dumlao Philippine Daily Inquirer 12:42 am | Monday, January 9th, 2012 Local credit watcher Philippine Ratings Services Corp. has maintained a triple-A rating on Gokongwei-led property developer Robinsons Land Corp.’s (RLC) debt paper. Obligations rated “PRS Aaa” are deemed of the highest quality with minimal credit risk and suggested that the borrower’s capacity to meet its financial commitment on the obligations was extremely strong. Such rating was maintained on RLC’s P10-billion outstanding bonds maturing in 2014. In its rating assessment, Philratings noted that RLC was adopting a diversified business model wherein its property portfolio was grouped into two components: investment and development. “Considering current market developments and conditions both globally and locally, RLC is now investing more in malls, office buildings and hotels while taking a more conservative stance in relation to the development of reside