Robinsons Land Corporation (RLC), the property business unit of JG Summit Incorporated and premium developer Shang Properties Incorporated (SPI) have formed a joint-venture partnership to develop a mixed-use project in Bonifacio Global City, Taguig City.
The Philippine Competition Commission (PCC) has approved the joint-venture project between RLC and SPI and found that the transaction does not result in substantial lessening of the competition as released by the Mergers and Acquisitions Office (MAO) of the PCC.
RLC and SPI are set to develop the 9,118 square meter land of RLC located at McKinley Parkway corner 5th Avenue BGC, with a disclosed total investment of at least Php 10 Billion.
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