VISTAREIT, Inc. has linked its expansion on the Villar group’s profitable assets and project pipeline, as it readies its initial public offering ahead of the country’s recovery from the pandemic. READ:
In a statement over the weekend, the real estate investment trust of Vista Land & Landscapes, Inc. said it is “anchoring its solid expansion program” on what it described as a robust, geographically diverse pipeline of profitable assets.
Late last month, VistaREIT filed a registration statement with the Securities and Exchange Commission for a P9.18-billion initial public offering. Vista Land’s commercial assets are composed of 31 malls, seven office buildings and 69 commercial centers with a combined gross floor area of 1.6-billion square meters VistaREIT assets account for over 20% of Vista Land’s total gross floor area.
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