MANILA, Philippines – Gokongwei-led Robinsons Land Corp. (RLC) recently sold ₱7.75 billion worth of its shares in its real estate investment trust (REIT) arm. This move is seen as a strategic step to make room for potential additional asset infusions, as the REIT diversifies its portfolio.
In a regulatory filing on Tuesday, RLC disclosed that it had sold 1 billion common shares of RL Commercial REIT. This sale highlights the company’s efforts to optimize its investments and expand the reach of its real estate assets.
https://business.inquirer.net/548621/rlc-unlocks-p7-75b-from-reit