Robinsons Land thinks there is still considerable room for growth within the country's vibrant real estate market, amid concerns of peak condo pricing and mall saturation in Metro Manila.
The best indicator?
The developer foresees its permanent, full-time managerial and support employees to increase in the fiscal year to 2,865 from its end-September 2015 level of 1,898. That represents a hefty 50-percent jump in employee count in just a year for a company known for its conservatism.
For a longer time-frame, Robinsons Land's "regular" manpower count (as opposed to the contractual force, which is nearly three times more) was only 1,818 in 2014.
In a report to shareholders ahead of the March 9 meeting, the mid-market developer also said it was committed to completing eight new malls within the next two years as well as expanding three more.
It currently has 40 shopping malls, nine of which are in Metro Manila, generating nearly half of Robinson Land's over P19.7 billion revenue stream in the last fiscal year.
Of the P17 billion the company has allocated for capital expenditures for this fiscal year, a little over half would be spent for the construction of malls, office buildings mainly for call centers, and hotels.
The other half is being allocated to develop more residential subdivisions and to acquire more lands, mainly in the provincial cities.
The company said that it was, by the end of fiscal year 2015, in various stages of negotiations to acquire 85 hectares of land scattered in key cities.
By: Victor C. Agustin/January 25, 2016 2:04 PM/http://www.interaksyon.com
The best indicator?
The developer foresees its permanent, full-time managerial and support employees to increase in the fiscal year to 2,865 from its end-September 2015 level of 1,898. That represents a hefty 50-percent jump in employee count in just a year for a company known for its conservatism.
For a longer time-frame, Robinsons Land's "regular" manpower count (as opposed to the contractual force, which is nearly three times more) was only 1,818 in 2014.
In a report to shareholders ahead of the March 9 meeting, the mid-market developer also said it was committed to completing eight new malls within the next two years as well as expanding three more.
It currently has 40 shopping malls, nine of which are in Metro Manila, generating nearly half of Robinson Land's over P19.7 billion revenue stream in the last fiscal year.
Of the P17 billion the company has allocated for capital expenditures for this fiscal year, a little over half would be spent for the construction of malls, office buildings mainly for call centers, and hotels.
The other half is being allocated to develop more residential subdivisions and to acquire more lands, mainly in the provincial cities.
The company said that it was, by the end of fiscal year 2015, in various stages of negotiations to acquire 85 hectares of land scattered in key cities.
By: Victor C. Agustin/January 25, 2016 2:04 PM/http://www.interaksyon.com
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