RCR, a real estate investment trust, is expanding its retail portfolio with the acquisition of a mall valued at P10.6 billion, according to a report from BusinessWorld Online. The deal is part of the company’s strategy to strengthen its presence in the retail sector.
The acquisition involves a mall located in a key commercial area, though specific details about the property were not disclosed. The transaction is expected to close within the year, subject to regulatory approvals.
RCR’s move reflects a broader trend of REITs diversifying into retail assets, which have shown resilience amid shifting consumer habits. The company aims to generate stable rental income and enhance shareholder value through this expansion.