Robinsons Land to Sell PHP6.21 Billion RL Commercial REIT Shares

MT Newswires Live

2025/04/04

Robinsons Land (PSE:RLC) authorized the sale of 1.04 billion shares of RL Commercial REIT at 5.95 Philippine pesos per share, totaling 6.21 billion pesos.

The placement was anchored by high-quality institutional investors, according to a Friday Philippine bourse filing.

Proceeds from the block sale shall be settled on April 8, the property developer said.

BPI Capital acted as the placement agent, bookrunner, and underwriter for the deal.

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