RLC turns over Tera Tower units

MANILA, Philippines - Robinsons Land Corp. (RLC), the property arm of the Gokongwei family, has started turning over office and retail spaces of its 20-story green building Tera Tower.

The Tera Tower is RLC’s first office building in its master planned mixed-use project along C-5 in Quezon City, adjacent to the Ortigas Central Business District (CBD).

 Faraday Go, general manager of RLC’s office buildings division, RLC turned over retail and office spaces to its tenants as early as June, ahead of schedule.

“RLC is proud of Tera Tower’s prominent green attributes which contribute to a sustainable future through cost-efficient and energy-saving green buildings,” Go said.

The Tera Tower is aiming for a Leadership in Energy and Environmental Design (LEED) Gold certification for Core & Shell under the US Green Building Council's LEED green building program.

LEED is a globally recognized green building rating system worldwide.

Retail brands that will be part of the tower include global chain Costa Coffee, convenience store Ministop and 24/7 dining option Dells Food Hall.

Universal Robina Corp, the maker of Jack ’n Jill snacks and C2 beverages, will also be opening its company store that will feature new product offerings.

Robinsons Bank and BDO will provide the financial service needs of the Tera Tower's tenants and visitors.

 In the Ortigas CBD, RLC will continue to be the largest office landlord especially with the opening of its Cyberscape Gamma, the twin tower of the newly-built Cybercape Beta, which will be completed in the latter part of 2017, Go said.

RLC reported a 12 percent growth in net income in the nine months ended June this year to P4.4 billion. Consolidated revenues likewise rose 12 percent to P14.6 billion while EBITDA increased 17 percent to P5.6 billion.