Robinsons Land builds 30th shopping mall

Posted at 06/22/2010 3:12 PM | Updated as of 06/22/2010 9:38 PM

MANILA, Philippines - Robinsons Land Corp., the property arm of conglomerate JG Summit Holdings is building its first shopping mall in Pangasinan, and which will be the company's 30th shopping mall in the country.

Robinsons Land said Robinsons Calasiao will be constructed on a 5.8 hectare property with a gross floor area of 31,900 square meters and gross leasable area of 23,000 square meters.

This brings the total gross floor  of all 30 Robinsons mall to 1.5 million square meters.

"Robinsons Calasiao reflects Robinsons Land's commitment to expand its chain of malls in the region," Robinsons Land president Frederick Go said in a statement.

Go said the company chose Calasiao for its first mall in Pangasinan because the first class municipality is strategically located between Dagupan City and San Carlos City.

Currently, Robinsons Land has two malls in Pampanga and one each in the provinces of Tarlac, Ilocos Norte, Bulacan and Cabanatuan.  The company also recently opened a shopping mall in General Santos and Dumaguete.

For next year, Robinsons Land plans to develop a mall in Puerto Princesa in Palawan and two more in 2012, one in Cebu and in  Magnolia in Quezon City.

In the first half of its fiscal year ended March 31, 2010, Robinsons Land posted a 10% rise in net income to P1.79 billion, as combined real estate and hotel revenues rose by 7% to P5.3 billion compared to last year's P4.9 billion.

From September 2009 to March 31, 2010, the company's commercial centers division contributed 50% or P2.8 billion of the  company's gross revenues, posting a 38% growth.


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1 comment

MALLS, MALLS, MALLS!

WOW! So we get more malls! The rice paddies are gone. Malls are sprouting here and there. BUT NO PUBLIC SCHOOLS! Do we really need all those malls? Jobs generated? Come on... with good government schools, we could come up with more educated people and professionals not ending as sales persons earning meager income. WE NEED MORE PUBLIC SCHOOLS RATHER THAN MALLS!

waterdragon


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