Robinsons Land pumps P33.9B into REIT arm

MANILA, Philippines — Gokongwei-led developer Robinsons Land Corp. will inject P33.9 billion worth of assets into its real estate investment trust (REIT) arm through a property-for-share swap deal that involves 13 sites. In a stock exchange filing on Thursday, RL Commercial REIT Inc. (RCR) said its board of directors, as well as that of Robinsons
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