RL Commercial REIT, Inc. announced that at the Organizational Meeting of its Board of Directors of the Corporation held after the Annual Meeting of the Shareholders approved the election of Dennis R. Llarena as Data Protection Officer and Iris Fatima V. Cero as Assistant Corporate Secretary. Appointment of the following as members of the committees of the Corporation to serve until their respective successors shall have been elected and qualified: Executive Committee: Faraday D. Go- Chairman; Lance Y. Gokongwei- Member; Jericho P. Go- Member; Kerwin Max S. Tan- Member. Audit Committee: Artemio V. Panganiban- Chairman; Cesar Luis F. Bate- Member; Wilfredo A. Paras- Member.
Corporate Governance Committee: Cesar Luis F. Bate- Chairman; Artemio V. Panganiban- Member; Wilfredo A. Paras- Member. Board Risk Oversight Committee: Wilfredo A. Paras- Chairman; Artemio V. Panganiban-Member; Cesar Luis F. Bate- Member. Related Party Transaction Committee: Cesar Luis F. Bate- Chairman; Artemio V. Panganiban- Member; Wilfredo A. Paras- Member.
The company also approved the appointment of Artemio V. Panganiban as Lead Independent Director of the Corporation to serve as such until his respective successor shall have been elected and qualified.
RL Commercial REIT, Inc. is a Philippines-based real estate investment trust (REIT) company. The Companyâs primary purpose is to acquire by purchase, lease or otherwise, and to own, develop, sell, mortgage, lease, and hold for investment or otherwise, real estate of all kinds. It leases to a diversified tenant base and has a portfolio of approximately 16 commercial real estate assets across the Philippines with an aggregate gross leasable area (GLA) of 480,479 square kilometers. The Company's portfolio consists of commercial spaces primarily leased for office purposes, with minimal retail spaces on some of the properties to support the needs of office tenants. Its properties include Robinsons Equitable Tower, Robinsons Summit Center, Cyberscape Alpha, Cyberscape Beta, Tera Tower, Cyber Sigma, Exxa-Zeta Tower, Robinsons Cyberscape Gamma, Robinsons Cybergate Center 2, Robinsons Cybergate Center 3, Robinsons Cybergate Cebu, Galleria Cebu, Luisita BTS 1, Cybergate Naga, and others.