050807: RLC acquires another prime lot in Global City

MALL and property developer Robinsons Land Corp. (RLC) has acquired another 1-hectare lot in the posh Bonifacio Global City (BGC), it said in a statement Monday. This latest buy adds up to the recently acquired 9,118-square meter property at the corner of upscale McKinley Drive and Fifth Avenue. Both are the two largest property blocks available to date within BGC. “This latest acquisition demonstrates RLC’s continued confidence in the company’s projects and on the country’s property sector,” said president and chief operating officer Frederick D. Go. No acquisition price was mentioned for the 1-hectare property. The lot would house RLC’s planned three-tower residential condo project called The Trion Towers. “The company is now finalizing the master plan to fully maximize usage of the property, mimicking the advances made in master developments in bustling cities like Shanghai and Dubai. Dubbed as The Trion Towers, its planned introduction would be sometime third quarter this year,” Go said. A major design aspect is the introduction of buildings in  triangle formation, where each tower is linked by a bridgeway via a podium-like activity theme park. All buildings would be designed to fittingly embrace the central park, fully maximizing the residential wellness, green-livability and value of the property. The Trion Towers would have a commercial component with retail stores. Flat and loft type units would be available in one bedroom, two-bedroom and three-bedroom models. RLC now has five strategically located residential properties in BGC, namely, the 38-story Fifth Avenue Place, the 43-story McKinley Park Residences, The Fort Residences, The Trion Towers and the 9,118-square meter property. Last month, the company said it will spend P2.5 billion for the development of a high-end residential condominium in BGC. The project would be launched within the year. --Honey Madrilejos-Reyes

 

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