PH-based Rockwell acquires 60% in ATRKE Land

Tribeca project visual from tribeca.com.ph

The Philippines’ premiere property developer Rockwell Land Corp (Rockwell Land) is planning to acquire a controlling interest in an upscale residential complex, Tribeca Project, south of Metro Manila.

Rockwell Land disclosed this to the stock exchange on Tuesday.

According to the this disclosure document, Rockwell’s subsidiary Rockwell Primaries Development Corp (Rockwell Primaries) has signed a memorandum of agreement with ATR Holdings Inc and Dragon Eagle International Limited for the joint and collective investment in, and acquisition of all the outstanding common shares of Maybank ATR Kim Eng Capital Partners Inc (MATRKE Capital) in ATR Kim Eng Land Inc (ATRKE Land).

The transaction will give Rockwell Primaries 60 per cent of the outstanding shares of ARTKE Land, while Dragon Eagle, and ATRH will both acquire 20 per cent, each.

Rockwell Land said Rockwell Primaries serves as a vehicle for its second brand  and the acquisition will expand the company’s land bank for the coming years.

Among Tribeca’s residential resort  amenities is a 1800-square meter aqua park, three-hectare central park with open and active spaces, clubhouse and the 7-aside football field.

Formed in 1995, Rockwell Land is an upscale property developer that established the Rockwell Center, a high-end residential and commercial district in Makati City.

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.