RLC, Shang investing P10B in BGC property venture | Inquirer Business
Close  

RLC, Shang investing P10B in BGC property venture

/ 10:06 AM March 23, 2018

BONIFACIO Global City

Gokongwei-led Robinsons Land Corp. (RLC) and upscale developer Shang Properties Inc. are jointly investing P10 billion to build an upscale residential complex with some commercial space in BGC.

RLC and Shang will develop a 9,118-square meter property of RLC located at McKinley Parkway corner 5th Avenue, Bonifacio Global City, Taguig. The development will feature two luxury residential condominium, with the potential of converting a portion of the development into serviced apartments and commercial spaces.

ADVERTISEMENT

RLC and Shang will each own 50 percent of the outstanding shares in the joint venture corporation to be formed, according to a disclosure to the Philippine Stock Exchange.

The joint venture corporation also plans to pursue other development projects.

FEATURED STORIES

Read Next
Don't miss out on the latest news and information.

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: BGC, Bonifacio Global City, RLC, Robinsons Land Corp, shang properties inc.
For feedback, complaints, or inquiries, contact us.

Curated business news

By providing an email address. I agree to the Terms of Use and
acknowledge that I have read the Privacy Policy.



© Copyright 1997-2022 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.