ROBINSONS LAND Corporation (RLC) is planning to build a shopping mall in Pagadian City, Zamboanga del Sur.
In a statement, the Gokongwei-led real estate firm said it acquired a piece of prime property through public bidding in Pagadian City.
RLC President and CEO Frederick D. Go and Pagadian City Mayor Samuel S. Co recently sealed the deal awarding the
property to the company.
“RLC plans to construct a shopping mall to service the growing needs of the city and its surrounding communities and barangays,” the company said.
Pagadian City is the capital of the province of Zamboanga del Sur and the regional center of Zamboanga Peninsula.
RLC reported a net income of P5.26 billion in 2020, lower than the P8.68 billion recorded in 2019.
“Amid the challenges of 2020, we adopted new ways of working and embraced a mind-set of innovation to continue serving our customers,” Mr. Go said in a March 2 statement.
“We capitalized on new opportunities for growth and accelerated our digital transformation initiatives to become more agile. As the business gradually recovers from the impact of community quarantines, we will continue to support our employees, business partners, and stakeholders.”
Article and Photo originally posted by Business World last March 23, 2021, 12:05am.