SM Prime Holdings is in no rush to list its shopping mall assets in what could be the country’s largest initial public offering (IPO), as president Jeffrey Lim said the real estate giant has alternative funding sources to bankroll its expansion.
Gokongwei-led property giant Robinsons Land Corp. (RLC) completed an overnight block placement of its shares in RL Commercial REIT Inc. (RCR) on Friday.
Tycoon Kevin Tan-led MREIT Inc., the REIT arm of Megaworld Corp., received the SEC's approval to acquire six Peza-accredited properties worth P13.15 billion.
Gotianun-led Filinvest Land Inc. is rolling out a share swap deal next week for stockholders that allows them to exchange shares in the property giant for stocks in Filinvest REIT Corp.
Gokongwei-led real estate investment trust giant RL Commercial REIT Inc. secured clearance from the Securities and Exchange Commission to proceed with an asset injection from owner Robinsons Land Corp.
Gokongwei-led companies are moving closer to completing an asset swap that will see industry giant Robinsons Land Corp. inject P33.9 billion worth of malls and offices into RL Commercial REIT.
The Gokongwei family’s Robinsons Land Corp. sold shares in real estate investment trust subsidiary RL Commercial REIT (RCR) in preparation for a P25-billion asset injection that will further expand RCR’s portfolio beyond offices.