MANILA, Philippines – Gokongwei-led Robinsons Land Corp. (RLC) has sold PHP 7.75 billion worth of its shares in its real estate investment trust (REIT) arm.
This move paves the way for potential additional asset infusions as the REIT diversifies its portfolio.
In a regulatory filing on Tuesday, RLC disclosed that it sold 1 billion common shares of RL Commercial REIT.
https://business.inquirer.net/548621/rlc-unlocks-p7-75b-from-reit