Robinsons Land Corporation, the real estate arm of the Gokongwei group, is investing about P30 billion for the development its second business park which will be located along C5 road near the Ortigas Central Business District.
In an interview after the firm's annual stockholders' meeting, RLC president Frederick Go said the project will be called the Bridgetown Business Park and comes after the success of its Cybergrate Business Park in Mandaluyong City.
Go said it will be a mixed use development with office buildings, residential towers and a retail component. However, he stressed that it will mainly be an office building development, catering mostly to the business process outsourcing sector.
He explained that the retail component will initially consist of support businesses "but, of course, over the long term, it should be a full shopping center."
Go said they will start construction of the first office building in the undisclosed property "very soon" or within the first half of this year.
Declining to give the exact location of the project, Go pointed out that they have several parcels of land along C5. Last year, RLC bought a two-hectare property in Libis, Quezon City from Republic Glass Holdings Corporation.
Meanwhile, Go said they have signed their first franchise agreement for their budget Go Hotel. The franchisee intends to open the first franchised branch in Davao City with at least 100 rooms.
Go said there are also opening three new company-owned branches of Go Hotel in Robinsons developments Cyberscape Alpha, Robinsons Otis in Manila and in the expanded portion of Robinsons Place Iloilo.
As part of efforts to further expand its recurring income base, RLC is also opening new malls in Malolos, Bulacan; Butuan City; Roxas City; and Santiago, Isabela while expanding its Iloilo mall. (James A. Loyola)