RLC properties dominate Ortigas Center

ORTIGAS CENTER is home to many skyscrapers, shopping malls, hotels, restaurants and establishments, where Robinsons Land Corp. (RLC) first established its indelible mark in the real estate industry. It is also where the first mixed-use development in the area was constructed and what we know now as Robinsons Galleria.

Considered to be one of most important business districts in Metro Manila, the Ortigas Business District is where the historic Robinsons Galleria is located. The four-level mall is home to over 500 shops, dining facilities, banks, travel agencies, appliance centers, service outlets, parcel delivery stations, computer centers, a full-line supermarket and department store, and the multi-theater Robinsons Movieworld. In front of the mall is the historic Our Lady of Edsa Shrine.

Near the mall

Annexed to the Mall’s podium are two office buildings—the Galleria Corporate Center and Robinsons Equitable Tower; two deluxe hotels—The Holiday Inn Manila and Crowne Plaza Manila Galleria; and Galleria Regency, a residential condominium.

Crowne Plaza Manila Galleria offers upscale amenities, comprehensive business support, recreational facilities and meeting expertise specially designed to suit any business traveler’s needs while Holiday Inn Manila is a four-star hotel with 285 well-appointed rooms.

The Robinsons Equitable Tower at the corner of ADB Avenue and Poveda Street is one of the most popular landmarks in Ortigas. No other business address in the Ortigas Business District is as masterplanned as Robinsons Equitable Tower. The 45-story building boasts of world-class architecture with dramatic aluminum and high-performance glass curtain walls and punched windows.

Another building in the complex is the 30-story Galleria Corporate Center with spacious office areas.

BPO buildings Cyberscape Alpha with 26 stories and Cyberscape Beta with 36 stories are strategically located and within easy access from Edsa and Ortigas Avenue. The two buildings will expand RLC’s available office space for lease by 80,000 sq m, with each tower accounting for 40,000 sq m. Cyberscape Alpha is located between Sapphire and Garnet Roads while Cyberscape Beta is between Topaz and Ruby Roads.

Residential properties

RLC’s residential properties in the area include East of Galleria, The Pearl Place Residences and The Sapphire Residences. East of Galleria on Topaz Street is a 45-story condominium where expats and other residents live. The project was completed and delivered on time and is now fully occupied.

Other RLC properties in the Ortigas Business District are The Pearl Place Residences, located on Pearl Drive corner Gold Loop and The Sapphire Residences at the corner of Sapphire and Garnet Streets. The Pearl Residences has 34 residential floors on top of a multi-level podium, while The Sapphire Residences, is the perfect setting for your live, work and play lifestyle.

RLC has also completed Sonata Private Residences and will be turned over to its new owners. Sonata Private Residences is situated in the heart of booming Ortigas Center with easier access to business hubs, schools and commercial establishments like Robinsons Galleria, SM Megamall, Shangri-La Plaza Mall, Edsa Shangri-La Hotel and other prominent establishments.

Ortigas provides instant access to things that matter most in your active and busy schedule. It is the place to be for the young and rising professional and those who want a more relaxed lifestyle minus the long and difficult commutes while being at the middle of the action.

INQ.net

Robinsons Land gains on all fronts

GOKONGWEI-LED Robinsons Land Corp. yesterday saw its net income increase by a tenth for the first nine months of its fiscal year versus year-ago levels, on the back of improved revenues across all its business segments led by commercial and residential divisions, a filing with the Philippine Stock Exchange showed.

Robinsons Land hiked its net income for the nine months ending June by 9.84% to P3.35 billion from P3.05 billion in the same period last year, while total revenues, mostly from real estate, expanded by 9.89% to P10.56 billion versus P9.61 billion, year on year.

Revenues from the commercial centers division, which accounts for a 49% of total revenues, climbed by 12% to P5.2 billion, led by Metro Manila malls Robinsons Galleria and Robinsons Place Manila, in addition to the “decent” growth of its malls in the provinces.

The residential division, meanwhile, saw its revenues jump by 6% to P3.30 billion due to higher level of realized sales based on project completion, Robinsons Land said.

Robinsons Land’s office buildings division similarly enjoyed growth in the period, with its revenues adding up to P1.05 billion or up 8% from the same period last year. Lease income was derived from eight office buildings across the country.

Not to be outdone, the hotels division recorded a 12% uptick in its revenues to P1.02 billion this year over a year ago.

All the company’s hotel developments reportedly realized double-digit occupancy rates during the period.

The company’s total costs and expenses, on the other hand, went up by 10.05% to P6.35 billion from P5.77 billion last year.

For April to June alone, Robinsons Land booked a net income of P1.11 billion, 9.90% higher than last year’s P1.01 billion, while total revenues gained by 4.18% to P3.49 billion versus P3.35 billion, year on year. 

Costs and expenses, however, were flat at P2.07 billion from P2.08 billion last year.

Robinsons Land, incorporated in 1980, is the property arm of listed conglomerate JG Summit Holdings, Inc.

It has built 29 malls, 33 residential projects, eight office buildings, and five hotels as of end-2011.

Robinsons Land shares gained by 0.21% to P18.96 yesterday from P18.92 at its previous close. -- Franz Jonathan G. de la Fuente