RLC unit expanding office portfolio with projects in Davao, Dumaguete

ROBINSONS OFFICES, the office leasing arm of Robinsons Land Corp. (RLC), is set to expand its portfolio by around 100,000 square meters (sq.m.) with new developments by next year, including an office project in Dumaguete.

“Combining the planned office developments for next year, Robinsons Offices is expected to add approximately 100,000 sq.m. of office space to its portfolio by 2026,” RLC Senior Vice-President and Business Unit General Manager Jericho P. Go said in an e-mail.

The expansion covers Robinsons Cybergate Dumaguete, a three-level office project designed for high-density operations, particularly the business process outsourcing sector.

RLC is also completing the 30-storey GBF Center 2 in Bridgetowne, Quezon City, and Cybergate Iloilo Tower 3 in Pavia, Iloilo City.

Other projects in the pipeline include Asscher Tower, the first of four towers at The Jewel in Mandaluyong, and Cybergate Apo 1 along JP Laurel Street in Davao City.

Mr. Go said demand for office spaces continues to rise as more companies decentralize operations.

He also cited the increasing need for sustainability-driven workspaces, noting that Robinsons Offices has 19 buildings certified under the Leadership in Energy and Environmental Design (LEED) and Excellence in Design for Greater Efficiencies (EDGE) standards.

The developer has allotted P100 million for office lobby upgrades through 2026, which will include energy-efficient lighting, sky farms, and electric vehicle charging stations.

Robinsons Offices posted 50,000 sq.m. in new office transactions in the second quarter.

RLC’s office unit also reported a 5% increase in revenues to P4.11 billion, with an 87% occupancy rate.

On Monday, RLC shares slipped by 1.42% or 22 centavos to P15.26 apiece. — Beatriz Marie D. Cruz