Stock News 2011: RLC launches P3-B luxury condo

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Robinsons Land Corporation expects to generate at least P3 billion in sales from its newly launched residential tower in its Sonata complex called The Allegro which is being developed under its high-end Luxuria brand.

During Allegro’s press launch, RLC business development manager Amelia Canon said the project comprises the second phase of the one-hectare Sonata Place which was previously the Medical City located at the corner of San Miguel Avenue and Lourdes St. in Mandaluyong City.

The success of Sonata Private Residences paved the way for the launch of the Allegro which will make available a total of 408 units priced at between P5 million and P23 million each.

The Allegro is a 42-storey upscale condominium tower offering a mix of residential units, serviced residences, and retail spaces. The building design is inspired by Contemporary Architecture, while interior common areas will feature a touch of Neo-Classic design.

The development’s retail units will be at the ground floor fronting San Miguel Avenue. These will be leased to upscale coffee shops and specialty stores. Amenities located at the third level will include an adult and kiddie pool, children’s play area, game and media rooms, and a reading lounge.

The Allegro’s Wellness Center will contain a fitness gym and spa/sauna facilities amenities that will be shared by both residents and guests of the serviced residences which will be at the 4th to 11th floors.

“Extra care and attention are devoted to selecting superior materials for the Allegro. Branded finishes and upgraded fixtures shall be delivered together with each Allegro unit,” said RLC president Frederick D. Go.

Unit owners will enjoy the utmost convenience and comfort with The Allegro’s various concierge services. These include messenger and courier services, restaurant reservations, bellhop service, newspaper and magazine delivery, housekeeping services, shoe polishing, laundry, and dry cleaning/pressing services.

http://mb.com.ph/articles/333551/rlc-launches-p3b-luxury-condo

Stock News 2011: Metro Pacific’s consolidated net income grows by 25% to P2.87B

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Infrastructure holding firm Metro Pacific Investments Corp. grew its consolidated net income by 25 percent to P2.87 billion in 2010 on higher profit contributed by its water, tollway and power distribution businesses.

Excluding foreign exchange losses and other non-recurring adjustments worth a combined P985 million, consolidated core net income surged by 88 percent to P3.86 billion in 2010, MPIC disclosed on Thursday.

"MPIC is well-poised to pursue further infrastructure opportunities, to improve operational and service efficiencies and help boost the economy."

With the 88 percent growth in core net income for 2010, MPIC declared a final cash dividend for the year of 1.50 centavos per share, bringing the total dividend for 2010 to 2.5 centavos per share.

http://business.inquirer.net/money/breakingnews/view/20110303-323266/Metro-Pacifics-consolidated-net-income-grows-by-25-to-P287B