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Rockwell Land Acquires Majority Stake in Alabang Town Center For P21.6 Billion, Redevelopment To Follow

Wow, business developments happened really fast! Not so long after Ayala Land sold its 50% stake of Alabang Town Center (ATC) operator Alabang Commercial Center Corp. (ACCC) to the Madrigal family, Rockwell Land came in to acquire a majority stake in deal worth P21.6 billion and indeed there will be a redevelopment of the famous mall, according to a news report by BusinessWorld.

For the newcomers reading this, the ACCC is the private entity that owns and operates ATC. Rockwell Land is the corporation known for the Power Plant Mall and Rockwell Center in Makati City. The Philippine Star news report mentions the ATC operator in the new acquisition.

The front of Alabang Town Center along Madrigal Avenue.

To put things in perspective, posted below is the excerpt from the business news report of BusinessWorld. Some parts in boldface…

Lopez Family-led real estate developer Rockwell Land Corp. has acquired a 74.8% stake in the 17.5-hectare Alabang Town Center for P21.6 billion, expanding its commercial operations 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 Chief Executive Officer Nestor J. Padilla in a statement on Monday.

“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,” he added.

Alabang Town Center currently hosts more than 500 retail and office tenants, and its size offers significant redevelopment opportunities, the company said. Rockwell Land is known for its flagship mixed-use development, Rockwell Center Makati, anchored by the Power Plant Mall.

“Over the years, the company has enhanced its retail developments by integrating experiential and lifestyle-oriented spaces into its master planning, supported by curated tenant mixes. These efforts have enabled Rockwell Land to establish a strong track record in delivering a high-end retail experience,” it said.

Let me end this post by asking you readers: What is your reaction to this recent development? If you are a resident of Muntinlupa City, do you have any concerns about what would happen to Alabang Town Center under Rockwell’s control? Do you think the planned redevelopment of ATC will eventually make it better in the near future? What improvements do you hope to see at the ATC under Rockwell’s control?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at  @HavenorFantasy as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram at https://www.instagram.com/authorcarlocarrasco

For more South Metro Manila community news and developments, come back here soon. Also say NO to fake news, NO to irresponsible journalism, NO to misinformation, NO to plagiarists, NO to reckless publishers and NO to sinister propaganda when it comes to news and developments. For South Metro Manila community developments, member engagements, commerce and other relevant updates, join the growing South Metro Manila Facebook group at https://www.facebook.com/groups/342183059992673

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Rockwell Land Acquires Majority Stake in Alabang Town Center For P21.6 Billion, Redevelopment To Follow

Wow, business developments happened really fast! Not so long after Ayala Land sold its 50% stake of Alabang Town Center (ATC) operator Alabang Commercial Center Corp. (ACCC) to the Madrigal family, Rockwell Land came in to acquire a majority stake in deal worth P21.6 billion and indeed there will be a redevelopment of the famous mall, according to a news report by BusinessWorld.

For the newcomers reading this, the ACCC is the private entity that owns and operates ATC. Rockwell Land is the corporation known for the Power Plant Mall and Rockwell Center in Makati City. The Philippine Star news report mentions the ATC operator in the new acquisition.

The front of Alabang Town Center along Madrigal Avenue.

To put things in perspective, posted below is the excerpt from the business news report of BusinessWorld. Some parts in boldface…

Lopez Family-led real estate developer Rockwell Land Corp. has acquired a 74.8% stake in the 17.5-hectare Alabang Town Center for P21.6 billion, expanding its commercial operations 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 Chief Executive Officer Nestor J. Padilla in a statement on Monday.

“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,” he added.

Alabang Town Center currently hosts more than 500 retail and office tenants, and its size offers significant redevelopment opportunities, the company said. Rockwell Land is known for its flagship mixed-use development, Rockwell Center Makati, anchored by the Power Plant Mall.

“Over the years, the company has enhanced its retail developments by integrating experiential and lifestyle-oriented spaces into its master planning, supported by curated tenant mixes. These efforts have enabled Rockwell Land to establish a strong track record in delivering a high-end retail experience,” it said.

Let me end this post by asking you readers: What is your reaction to this recent development? If you are a resident of Muntinlupa City, do you have any concerns about what would happen to Alabang Town Center under Rockwell’s control? Do you think the planned redevelopment of ATC will eventually make it better in the near future? What improvements do you hope to see at the ATC under Rockwell’s control?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

+++++

Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at  @HavenorFantasy as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram at https://www.instagram.com/authorcarlocarrasco

For more South Metro Manila community news and developments, come back here soon. Also say NO to fake news, NO to irresponsible journalism, NO to misinformation, NO to plagiarists, NO to reckless publishers and NO to sinister propaganda when it comes to news and developments. For South Metro Manila community developments, member engagements, commerce and other relevant updates, join the growing South Metro Manila Facebook group at https://www.facebook.com/groups/342183059992673

#acquisitions #Alabang #AlabangBlog #AlabangCommercialCenterCorpACCC #AlabangTownCenterATC #AngelesCity #Asia #ATC #AyalaLand #AyalaLandIncALI #BacolodCity #Blog #blogger #blogging #business #businessDeals #businessNews #BusinessWorld #CarloCarrasco #Cebu #CebuCity #CityOfMuntinlupa #economics #economy #EconomyOfThePhilippines #Facebook #finance #food #geek #Google #GoogleSearch #holiday #Investagrams #Madrigal #MakatiCity #MetroManila #money #Muntinlupa #MuntinlupaCity #NationalCapitalRegionNCR #NCR #news #Pampanga #PhilippineStar #Philippines #PhilippinesBlog #Pinoy #PowerPlantMall #RockwellCenterMakati #RockwellLand #shopping #shoppingMalls #socialMedia #SouthMetroManila #SouthSnippets #SoutheastAsia #Southies #tourism #tourismBlog #tourists #travel #travelBlog #vacation #WordPress #WordPressCom