Rockwell Land Corporation (PSE: ROCK) has acquired a majority controlling interest in Alabang Town Center, a 17.5-hectare project in Muntinlupa City, marking a significant expansion of its commercial footprint in the South.
“Earlier this year, Mr. Francisco “Jun” M. Bayot invited us to consider redeveloping Alabang Town Center. It presented a compelling opportunity for Rockwell Land to further expand our presence in the south of Metro Manila, particularly given the scale and long-term potential of the property,” said Rockwell Land Chairman and CEO Nestor Padilla.
“We are very grateful to Mr. Bayot and the Madrigal family for this opportunity. Our immediate focus is on ensuring a smooth transition and planning its redevelopment,” Padilla added.
Rockwell Land is best known for its flagship mixed-use development, Rockwell Center Makati, which is anchored by the Power Plant Mall, regarded as a premium retail and lifestyle destination in the country. Over the years, the company has enhanced its retail developments by integrating experiential and lifestyle-oriented spaces into its masterplanning, supported by curated tenant mixes. These efforts have enabled Rockwell Land to establish a strong track record in delivering a high-end retail experience.
The acquisition of a majority stake in Alabang Town Center further builds on Rockwell Land’s previously announced retail expansion initiatives, which include Power Plant Nepo in Angeles City, Pampanga; the addition of new retail spaces within Rockwell at IPI Center in Cebu City; and, Power Plant Mall Bacolod in Rockwell Center Bacolod, among others.
Alabang Town Center currently hosts more than 500 retail and office tenants, and given the size of the property, it offers significant development opportunities.
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