February 02, 2012
Manila Standard Today
By Jenniffer Austria
Published in the Manila Standard Today newspaper on 2012/February/3
An Australian investment fund manager has acquired minority interest in Vista Land & Lifescapes Inc., a company owned by the family of Senator Manuel Villar.
Vista Land said in a filing with the Philippine Stock Exchange that it had been informed that Platinum Investment Ltd. had obtained a 5.02-percent beneficial ownership in the company after accumulating 468.48 million shares as of Jan. 20.
Data showed that Platinum Investments had been buying Vista Land shares from Jan. 10 to 20 through the stock market at an average price of between P2.94 and P3.09 per share.
Vista Land said Platinum Investment bought into Vista Land in line with its business as a company engaged in investment management.
Vista Land last month said it would launch 32 subdivision projects worth P32 billion this year in a bid to cement its position as the country’s leading house and lot developer.
The property company in 2011 launched 23 projects worth P21 billion, including 16 horizontal structures.
Vista Land president and chief executive Manuel Paolo Villar said demand for the company’s house and lot packages was strong, especially for the Camella brand.
Vista Land plans to open 20 expansion projects this year and 12 new ones to keep up with strong demand.
|
Villar-led Vista Land 2012 earnings reach record high March 21, 2013 MANILA, Philippines - Vista Land & Lifescapes, Inc., real estate firm founded by Sen. Manuel Villar, reported a net income of P4.4 billion in 2012, a record high. Read More >> |
|
|
Vista Land profit soars 24% to P3.23B in 9 mos November 16, 2012 MANILA, Philippines - Vista Land & Lifescapes Inc., the country’s largest homebuilder, posted net earnings of P3.23 billion in the first nine months, up 24 percent from the same period in 2011, on record sales. Read More >> |
|
|
Vista Land Expects Record Profits November 15, 2012 Vista Land & Lifescapes, Inc., the country’s largest homebuilder, expects 2012 and 2013 to be banner years with profits hitting record highs and possibly hitting the P5-billion mark by next year. Read More >> |
|
|
Vista Land obtains SEC nod to sell P2.5-b bonds September 29, 2012 The Securities and Exchange Commission approved the application of Vista Land & Lifescapes Inc. to issue P2.5 billion worth of HomeBuilder Bonds. Read More >> |
|
|
Vista Land expands condo projects September 29, 2012 Vista Land and Lifescapes Inc., the country’s largest home-builder, is expanding its portfolio of condominium projects as it aims to at least double the contribution of high-rise projects to the group’s total revenues. Read More >> |
Vista Land & Lifescapes, Inc. Upper Ground Floor, Worldwide Corporate Center, Shaw Boulevard, Mandaluyong City, 1552 Philippines
Copyright 2011 Vista Land & Lifescapes Inc.