Robinsons Land Corp. (RLC), the property development arm of the Gokongwei group, is set to spend up to P125 billion over the next five years to fuel a broad expansion of its commercial footprint, enhance its real estate portfolio, and pursue long-term profit growth.
Kerwin Max S. Tan, RLC chief financial officer, said the company plans to sustain its historic annual capital expenditure (capex) of P20 to P25 billion, but with a strategic shift in allocation. “With our landbank in place, more of our capex will be directed towards project development rather than land acquisition,” Tan said during the firm’s annual stockholders’ meeting.
The five-year plan is central to RLC’s ambition to double its net income to P25 billion by 2030, implying a targeted annual profit growth of 12 percent. To support these initiatives, the company is raising P6.2 billion in fresh funds, while remaining disciplined in project selection to ensure returns exceed market interest rates.
Commercially, RLC aims to increase the gross leasable area of its shopping malls and office spaces by 50 percent each, grow hotel room keys by 25 percent, and double its logistics capacity by the end of the decade. The current portfolio includes 55 malls and 26 hotels with over 4,000 rooms.
In line with its premiumization strategy, RLC will upgrade key assets, enhance product offerings, and revamp customer experience to drive brand equity and command higher pricing. CEO Mybelle V. Aragon-Gobio said the company will announce redevelopment plans for select malls, with 25 mall projects lined up from 2025 to 2030.
Hotel expansion will also take center stage, with six new properties set to open between 2025 and 2028, starting with Nustar Hotel in Cebu this year.
The roadmap underscores RLC’s push to scale up and modernize its core businesses, while introducing new ventures such as sports and entertainment centers and sustainability-driven customer services to deepen customer engagement.
