RL COMMERCIAL REIT, Inc. (RCR) and its parent company Robinsons Land Corp. are confident that its office properties can accommodate the evolving needs of the workforce amid the pandemic.
RCR has a portfolio of 14 commercial real estate assets located in Metro Manila, Metro Cebu, Metro Davao, Naga, and Tarlac, with total gross leasable area of around 425,000 square meters. The main tenants are from the information technology-business process management sector, which is allowed to operate throughout the community quarantines.
RCR’s properties are equipped with hybrid walk-thru metal detectors with temperature scanners, copper films on high touch point surfaces, foot baths, and sanitizing stations within the building premises.
“As more people get vaccinated and economic bubbles are formed, we see employees return to office spaces partially or completely. I strongly believe this would be better for businesses in terms of data security and infrastructure. More importantly, we believe that it’s beneficial for the mental health and wellbeing of employees,” RCR President and CEO Jericho P. Go said in a statement.
RCR is planning to conduct a P26.67-billion initial public offering.