Robinsons Land Corp. (RLC) has partnered with Hong Kong Land Group (HKLG) for the development of real estate projects in the country, starting with a P5.6-billion residential property in Pasig City.
The Gokongwei-led property developer disclosed to the stock exchange on Tuesday, May 8, that it has signed an agreement with HKLG through its representatives Hong Kong Land International Holdings Ltd. and its subsidiary Ideal Realm Limited.
The parties will be forming a 60-40 joint venture (JV) firm for the residential project, set to rise on Block 4 of Bridgetowne East in Pasig City. Aside from developing the property, the JV company will also be in charge of marketing and sale of the residential units. — Arra B. Francia