RLC finalizes P31 Billion mall infusion into RCR

​On August 13, 2025, Robinsons Land Corporation (RLC) entered into a fourth property-for-share swap transaction with RL Commercial REIT, Inc. (RCR) through the execution of a Deed of Assignment for the infusion of nine (9) commercial assets totaling to approximately 324,108 square meters (“sqm”) of Gross Leasable Area (GLA) with a total appraised value of Thirty Billion Six Hundred Seventy Four Million Eight Hundred Sixty Thousand Pesos (P30,674,860,000.00) in exchange for Three Billion Eight Hundred Thirty Four Million Three Hundred Fifty Seven Thousand Five Hundred (3,834,357,500) primary common shares of RCR at a price of P8.00 per share (“the Transaction”).

The disposition of the nine (9) commercial assets is part of RLC’s commitment, as RCR’s sponsor, to support RCR’s growth plans. Furthermore, RLC as shareholder shall be entitled to additional dividends derived from the higher distributable income generated by RCR as a result of the transaction.
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The assets for disposition comprise of nine (9) malls, namely:
 
Malls:
 
1. Robinsons Dasmariñas - 37,089.30 sqm of GLA located at Dasmariñas City, Cavite;
2. Robinsons Starmills - 42,801.81 sqm of GLA located at San Fernando City, Pampanga;
3. Robinsons General Trias - 33,647.59 sqm of GLA located at General Trias City, Cavite;
4. Robinsons Cybergate Cebu - 5,694.06 sqm of GLA located at Cebu City, Cebu;
5. Robinsons Tacloban - 42,081.65 sqm of GLA located at Tacloban City, Leyte;
6. Robinsons Malolos - 26,952.61 sqm of GLA located at Malolos City, Bulacan;
7. Robinsons Santiago - 26,194.95 sqm of GLA located at Santiago City, Isabela;
8. Robinsons Magnolia - 72,134.74 sqm of GLA located at Quezon City;
9. Robinsons Tuguegarao - 37,511.04 sqm of GLA located at Tuguegarao City, Cagayan;
 
RLC owns 57.23% of RCR prior to the infusion of the Properties. After the infusion it shall own 65.62% of the enlarged total shares of RCR.

The property appraisal was conducted by AACI accredited by both the SEC and PSE to perform property valuation. The fairness opinion was issued by FTI accredited by both the SEC and PSE to render a fairness opinion and valuation reports of listed companies and is also accredited by the SEC as a Professional Services Organization on asset valuation.