RLC raises P7 billion from sale of RCR shares

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January 28, 2026 | 12:00am

MANILA, Philippines — Gokongwei-led real estate developer Robinsons Land Corp. (RLC) has raised P7 billion from a fresh round of block sale of RL Commercial REIT Inc. (RCR) shares.

A total of 945.95 million common shares of RCR were authorized by RLC’s board to be sold at P7.40 apiece.

In a stock exchange filing, RLC said the transaction was anchored by high-quality institutional local and international investors.

With the placement, RLC said that the public float of RCR increased to 8.64 billion common shares or 44.18 percent of the total issued and outstanding common shares.

Proceeds from the block sale will be settled on Jan. 29 under the secondary block trade agreement.

RLC said a reinvestment plan detailing the use of proceeds obtained from the sale of the placement shares would be submitted by the company.

BPI Capital Corp. acted as the sole global coordinator, joint bookrunner and sole domestic placement agent with JP Morgan Securities Plc and Maybank Securities Pte. Ltd. as the joint bookrunners and international placement agents for the transaction.

In September last year, RLC was able to raise P7.75 billion from the sale of one billion common shares of RCR at P7.75 apiece.

RLC is the sponsor of RCR. As one of the country’s leading real estate developers, RLC has a diverse portfolio, which includes residential, commercial and mixed-use developments as well as hotels, offices and industrial facilities.

The company is committed to providing quality and innovative real estate solutions to its customers and stakeholders, while continuing to adapt and thrive in dynamic market conditions.

RCR, meanwhile, will be the second real estate investment trust company to join the 30-member PSE index, a benchmark representing the most liquid and well capitalized listed firms on the Philippine Stock Exchange.

RCR will take over the slot of Alliance Global Group Inc. beginning Feb. 2.