Rockwell Land to lift Alabang Town Center operator stake to 99.26% in ₱6.2 billion deal
Rockwell Land will raise its stake in Alabang Commercial Corp. to 99.26% via a ₱6.2bn purchase, improving control and consolidation of cash flows from the Alabang Town Center estate. The deal, alongside a ₱15bn term loan facility, increases balance-sheet leverage but supports a multi-year redevelopment plan aimed at operational upgrades and tenant mix optimization. Market impact is mainly local and company-specific.
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Rockwell Land Corp. will raise its ownership in Alabang Commercial Corp. by buying an additional 22.96% stake for ₱6.2 billion. The purchase increases its equity interest from 76.3% to 99.26%, giving it near-total control of the operating company behind Alabang Town Center, a 17.5-hectare prime commercial estate in Alabang, Muntinlupa. The transaction was disclosed in a filing with the Philippine Stock Exchange on July 30, 2026.