RLC acquires rights over 8.5-ha China property

MANILA, Philippines - Robinsons Land Corp., the property development arm of the Gokongwei  family’s JG Summit Holdings Corp., has acquired the right to use an 8.5-hectare property in Chengdu, China.

In a disclosure to the Philippine Stock Exchange (PSE), RLC said its offshore subsidiary Robinsons Land China would convert the property into residential projects with a commercial component.

“This acquisition is in line with the normal course of RLC’s real estate business and its plan to explore opportunities internationally,” the company said.

Robinsons Land China’s business includes providing residential, office and commercial mall destinations in Shanghai, Xiamen, Chengdu, Taicang and soon in other key cities.

Its goal is to become the leader in mixed-use developments in the Chinese market.

Robinsons Land China’s projects include Robinsons Galleria Jiading Mall, a prime mixed used development with 60,000 square meters of commercial mall space.

It features a wide array of dining, entertainment, wellness and shopping choices for shoppers in Shanghai.

For residential projects, Robinsons Residences has the Lakeshore Place in Chengdu, which is a large residential and business community.

Located in the center of Cha Dian Zi in the western City of Guobin region, next to Chengguan road and Huangzhong main street in the South, the development is within the region’s most popular site for real estate.

The property is highly accessible to transportations routes, business facilities, sports, entertainment and dining destinations

Lakeshore has a large-scale water concept situated within a residential area that ensures a relaxing environment.