MANILA – Robinsons Land Corp. will continue its expansion plans in mall development, office spaces, and hotels in 2015, its president Frederick Go said on Tuesday.
Go said a bulk of the property developer’s capital expenditure of about P15-P16 billion will be spent to build more shopping malls nationwide.
“We will be opening Robinsons Place San Jose, Antique, as well as Robinsons Galleria Cebu in 2015, and start up maybe four or five shopping center projects. So a lot of our capex will be for the build out of shopping centers,” he told ANC.
Robinsons currently has 38 shopping malls in the country, with its 39th mall set to open in Las Piñas next week.
The two-storey Robinsons Place Las Piñas along the Alabang-Zapote Road is expected to house around 200 retailers as well as a Robinsons Supermarket and Robinsons Department Store.
“We’re very bullish about the economy. We’re very bullish about consumer spending. We think that the economy will continue to grow next year,” Go said.
He said part of the firm’s capex will also be used to build more office buildings, particularly to cater to the business process outsourcing (BPO) sector.
“We think the BPO sector is growing and expanding. A lot of self-use BPO companies are setting up in the country so we think this trend will continue for the medium term,” he said.
He also said the firm will continue to support the government’s campaign in bringing more tourists into the country, and will do its part by building more hotels.
In 2014, Robinsons six shopping centers, two office buildings and two hotels.
“This year was a busy year for us for building out,” said Go, adding that he expects stronger growth in 2015 because of the new projects. filprimehomes
Source: abs-cbnnews
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