Robinsons Land Infusing 9 Malls into REIT Arm

The Board of Directors of Robinsons Land Corporation (RLC), at its special meeting held on June 19, 2025, approved the Property-for-Share Swap Transaction between RLC and RL Commercial REIT, Inc. (RCR) (the Transaction).

​The Transaction is comprised of nine (9) malls totaling 324,107.75 square meters of gross leasable space, namely Robinsons Dasmariñas, Robinsons Starmills, Robinsons General Trias, Robinsons Cybergate Cebu, Robinsons Tacloban, Robinsons Malolos, Robinsons Santiago, Robinsons Magnolia and Robinsons Tuguegarao.

RLC will subscribe to 3,834,357,500 primary common shares of RCR at a price of P8.00 per share, equivalent to a total valuation of Thirty Billion Six Hundred Seventy-Four Million Eight Hundred Sixty Thousand Pesos (P30,674,860,000.00), as supported by an SEC/PSE accredited appraiser and a third-party fairness opinion.

The Transaction has been approved by the Related Party Transaction Committee of RLC and shall be subject to the approval of pertinent regulatory bodies, as applicable.