Robinson’s execs pursue investment plan in Zambo PDF Print E-mail
Friday, 26 August 2011 16:15

Executives from the Robinsons Land Corporation look at Zamboanga as a viable and feasible investment site, as they continue to explore possibilities of investing in the city.

City Caretaker and Administrator Antonio Orendain Jr. said officials from Robinsons Land Corporation recently met with the City’s Investment Board headed by Mayor Celso Lobregat to discuss plans for the putting up of a mall in the city after the company has purchased a property at Nuñez extension.

While the company wanted to purchase a bigger property to ensure a bigger mall complex, the Robinsons Land Corporation was only able to purchase half of its planned area, as the price of the adjacent property is excessively high.

Orendain said Thomas Lee O., the corporation’s Vice President for Complex Administration and Property Management and another official have emphasized that with the smaller area, the plan is to put up a multi-storey building instead of a horizontal complex.

Initially, the corporation’s representatives were apprehensive about aviation regulations considering that the acquired property is located near the airport. However, Orendain said, Mayor Lobregat intervened and summoned Civil Aviation Authority of the Philippines (CAAP) manager Celso Bayabos to attend the meeting and explain about the aviation regulations.

It was explained by the CAAP official that Robinsons Land Corporation can very well establish a multi-storey building in its property in Nunez extion (at the back of the Emcor), as it is over 150 meters away from the airport. Airport regulations prohibit high-rise buildings within the 50-meter radius from the airport runway.

Orendain stressed that the city government welcomes and encourages big corporations particularly owners of huge chains of malls in the country to invest in the country.

One of the factors that delay the opening of huge malls here is the price of land or properties offered by the private owners. — Sheila Covarrubias