MANILA, Philippines – The real estate developer arm of the Gokongwei Group, Robinsons Land Corp., will develop a business park in Ortigas catering to the business process outsourcing (BPO) market, said the company’s president and COO, Frederick Go.
Speaking on the sidelines of the annual stockholders meeting on Thursday, April 18, Go said there were plans to build a mixed-use development in the C-5 area, close to the Ortigas central business district.
The business park will be called the Bridge Down Business Park, and will take advantage of the burgeoning BPO market in the Philippines.
Go said they hope to start construction within the first half of 2013 with an overall investment of P30 billion.
When asked Go was unable to reveal an overall time frame.
Robinsons runs 4 different business segments: residential, shopping center, office leasing and hotel. The developer’s portfolio consists of 32 malls, 59 residential condominiums, 32 housing subdivisions, 9 hotels and 8 office buildings.
The conglomerate reported a 7% increase in net income to P4.2 billion in its fiscal year 2012, slower than the 10% growth to P3.97 billion in 2011. – Rappler.com
There are no comments yet. Add your comment to start the conversation.