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DDMP REIT Posts Higher Profit in 1Q2021
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Robinsons Land unit files registration statement for REIT IPO
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BusinessWorld
May 14, 2021 | 12:08 am
Keren Concepcion G. Valmonte
GOKONGWEI-LED Robinsons Land Corp. intends to list a real estate investment trust (REIT) with 14 properties by the second half this year “to create further opportunities for growth” and “to crystalize the value of some of its high-quality office assets.”
The company said the listing will include a gross leasable area (GLA) of 400,000 square meters (sq.m.) from its portfolio.
“We have made several announcements in this regard. It is our intention to have [a] REIT or real estate investment trust IPO (initial public offering) this year, we plan to list 14 out of our 25 office assets into this REIT,” Frederick D. Go, president and chief executive officer of Robinsons Land, said during the company’s stockholders’ meeting on Thursday.
The first week of Lamudi’s online housing fair flew by that we didn’t realize how jam-packed it was. From scrolling through listings and inquiring about properties to taking down notes while watching webinars, property seekers certainly had their hands full.
In case you missed the week of exciting activities, read on to see what happened:
What You Missed
The first week was marked by the opening ceremony and webinars focusing on investments amid the pandemic. If you’re curious which types of properties are attractive today, how you can finance your purchase, and how the market will bounce back, you should watch the webinars that aired this past week.
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