Robinsons Land to develop condo-resort community in Cebu

Gokongwei-led Robinsons Land Corp. on Monday announced that it has purchased a five-hectare property in Cebu City, which will be turned into a master-planned condo-resort community. In a statement to the Philippine Stock Exchanhge, Robinsons Land said the property has a 170-meter beachfront in Punta Engano district in Mactan, Cebu. “It shall be designed to be the first leisure community development of Robinsons Land. Tourism and business hub of the South Cebu’s tourism potential and its being the investors’ preferred headquarters in Southern Philippines add to Robinsons Land’s high hopes for its new project and the region itself," the company said. Robinsons Land said it is banking on the appeal of Cebu as the main tourism and business hub in the South. “Robinsons Land’s top brass is confident that the organization is ready to maximize the company’s expertise in developing mixed-use communities in promising areas outside Metro Manila. The abounding possibilities in Cebu affirm Robinsons Land’s move to explore opportunities in the Queen City of the South," the company said. Robinsons Land presently has 18 malls, 23 residential subdivisions, 22 residential condominiums, six office buildings and four hotels. - Cheryl Arcibal, GMANews.TV