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Robinsons Land eyes 14 office assets in possible REIT listing

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. ....

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