The Lopez family-led developer spent P9.5 billion in the first nine months of 2026 on land acquisitions and new projects spanning Makati, Batangas, Pampanga and Cebu, its latest quarterly report showed.
The latest investments follow its late 2025 acquisition of Alabang Commercial Corp., owner of Alabang Town Center, another major addition to Rockwell's growing property portfolio.
Buying for the next cycle
Rockwell's land holdings for future development span Metro Manila, Batangas, Pampanga, Bacolod and Iloilo, extending its pipeline beyond its established Rockwell Center base in Makati.
Its spending covered projects such as Edades West in Makati, Cabo San Diego in Batangas, Power Plant Mall Angeles in Pampanga, BenCab and a residential development in Mactan, Cebu.
Stronger sales support expansion
Rockwell's expansion is backed by growing earnings, with nine-month profit attributable to shareholders climbing 22 percent to P3.8 billion on revenues of P19.3 billion.
Residential developments remained its biggest business, generating P14.3 billion, or 74 percent of total revenues, as sales from premium projects rose 18 percent.
Its malls, offices and hotels also gained ground, with commercial revenues jumping 56 percent to P5.1 billion, helped by higher rental income and the acquisition of Alabang Town Center.
The company funded its P9.5-billion investment program mainly through cash generated by its businesses and bond proceeds, although it did not specify how much went directly to land purchases.
With residential sales growing and its commercial portfolio expanding, Rockwell has more room to invest in its next generation of developments despite the softer property market.
—Edited by Miguel R. Camus
