ABS-CBN Corp. expects to turn over its former headquarters property to Ayala Land Inc. by mid-2027, as the media giant consolidates its Quezon City operations into two buildings.
Lopez-led Rockwell Land Corp. grew first-half attributable net income by 42 percent to P2.71 billion as stronger residential sales and the consolidation of Alabang Town Center boosted earnings.
Megaworld Corp. grew first-half net income by 5 percent to P12.7 billion as stronger hotels, malls and office leasing provided steady earnings while residential sales picked up despite a difficult property market.
“Our first-half results demonstrate Filinvest Land’s ability to translate demand into earnings through a disciplined, diversified business model,” Filinvest Land president and CEO Tristan Las Marias said in a statement. “The strong pickup in reservation sales, particularly in RFO, reflects both improving buyer activity and the strength of our product offering across key markets.”
The Gokongwei family-led Robinsons Land Corp. (RLC) posted a 12 percent increase in first-half net income to P9 billion as growth across its property businesses lifted revenue.
DMCI Homes staged a stronger second-quarter recovery as higher residential sales, fewer buyer cancellations and improving margins showed its strategy to clear ready-for-occupancy inventory is beginning to pay off.
RL Commercial REIT Inc. moved closer to completing a P10.6-billion expansion after the Philippine Competition Commission cleared the acquisition of six Robinsons Land Corp. malls, removing another regulatory hurdle for the deal.