Robinsons Land raises P8.5B from REIT selldown

MANILA, Philippines — Gokongwei-led Robinsons Land Corp. has sold P8.5 billion worth of its shares in RL Commercial REIT Inc. (RCR), raising the latter’s public ownership level and allowing the property developer to infuse assets into its real estate investment trust (REIT) arm. In a stock exchange filing on Friday, Robinsons Land said it had
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