ROBINSONS HOMES, the provincial house and lot developer of Gokongwei-led property firm Robinsons Land Corp., has acquired a 12.4-hectare land in Batangas.
"The Lipa property will be developed into a prime tropical-inspired residential subdivision with commercial potential," Joan R. Cosico, general manager of Robinsons Homes, said in a statement on Monday.
This will be the first residential development of the mall and residential giant in Lipa, and the second in Batangas.
Robinsons Land operates under four brands -- Robinsons Luxuria for the high-end market, Robinsons Residences for condominiums in central business districts, Robinsons Communities for the middle-income segment, and Robinsons Homes.
Shares in listed Robinsons Land, whose profits grew by 11% in the first half to P2.59 billion due to mall expansion, increased by 2.74% or P0.44 to close at P16.48 each on Monday.
For details on Robinsons Properties, please contact Reby Ramirez @ +63 916.4044.555 / +63 922.883.9308 / +63 919.699.3572 or e-mail her at reby_ramirez@yahoo.com.
Source: Businessworld, 13 September 2010
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