Robinsons Land to merge property operations
- News, Real Estate, Robinsons Land Corp. -
By Philippine Daily Inquirer
ROBINSONS Land Corp. said it would merge the operations of its three wholly owned real estate units — Robinsons Homes Inc., Trion Homes Development Corp., and Manila Midtown Hotels and Land Corp. — and fold them into the parent company.
It said the merger would “integrate administrative processes and eliminate the duplication of functions” among the three units and increase overall financial strength and credit standing.
The merger will be presented for approval at the annual meeting of stockholders in April, it said.
Robinsons Land operates shopping centers, high-rise residential condominiums and townhouses, mid- to low-cost housing and subdivisions, office buildings and hotels. It has 20 malls, 22 residential condominium buildings, five office buildings, 26 housing and land development projects and three hotels. Edited by INQUIRER.net
