New Vista Land delivers another banner year for 2015; completes acquisition of Starmalls
March 17, 2016

Vista Land & Lifescapes, Inc., one of the country’s leading integrated property developers, released its full year 2015 results, posting a net income growth of 14% to P7.2 billion, including Starmalls’ net income for the year, which became a subsidiary after its acquisition last year. In a disclosure to the Philippine Stock Exchange (PSE), the company also stated that its 2015 revenues hit a record P28.7 billion or 12% increase. The company earlier reported that it had completed its acquisition of 88.34% of Starmalls after the end of its tender offer period last February 15, 2016.

The company’s total consolidated assets as of year-end 2015 totaled to P152.9 billion compared to the 2014 year-end level of P125.0 billion.

“We are very pleased to report that 2015 is another record year for the Company,” said Manuel Paolo A. Villar, Vista Land’s President & CEO. “Our strategy in the residential sector is paying off and our recent acquisition of Starmalls adds stability to our existing operations. As we integrate both platforms, the complementary nature of residential and commercial developments will enable us to achieve higher selling prices, increased sales velocity and higher retail rental rates from our improved integrated product offering, as well as lower land acquisition and infrastructure costs,” he added. Vista Land is the holding company of five residential business units, Brittany, Crown Asia, Camella Homes, Communities Philippines, and Vista Residences with the addition of Starmalls, its commercial business arm.

“We are confident with the Company’s prospects especially now that Starmalls is now part of Vista, that provides a significant source of recurring income in addition to our core and stable end-user business,” Vista Land Chairman Manuel B. Villar, Jr., said. The acquisition also strengthens the Company’s position as a top four integrated property developer in the country, he added. “We have identified about 100 areas or over 600 hectares of land from our exisitng Communicities around the country with ready population catchment areas for potential Starmalls projects.”

Vista Land has an established presence in about 95 cities and municipalities across 36 provinces and intends to focus on the development of Communicities, an integrated urban developments combining lifestyle retail, prime office space, university town, healthcare, themed residential developments and leisure components.

Vista Land to exceed 2010 net income and sales targets
November 09, 2010
Vista Land & Lifescapes, Inc., the country’s largest homebuilder, reported that the company may exceed its core net income and sales targets for fiscal year 2010. For the first nine months of the year, Vista Land’s real estate revenues were P8.2 billi

Philippine stocks to extend Asia's best gains, First Metro says
September 30, 2010
Philippine stocks will extend Asia's best performance this quarter, driving gains for food-maker Universal Robina Corp. (URC) and homebuilder Vista Land & Lifescapes Inc., the nation's second-best performing fund said.

Vista Land issues $ 100-M unsecured bonds
September 28, 2010
Listed property development company Vista Land & Lifescapes, Inc. debuted in the offshore debt captial markets with a $ 100-million five-year unsecured bond isue. The bond issuance, which was priced on September 24, carried a coupon of 8.25 percent a yea

Property developer Vista Land raises $ 100M in maiden offshore bond issue
September 28, 2010
Listed property development firm Vista Land & Lifescapes, Inc. successfully debuted in the offshore debt capital markets witha $ 100 million five-year unsecured bond issue.

Vista Land's $ 100-M Bonds
September 28, 2010
Vista Land & Lifescapes Inc., the property company controlled by the family of Senator Manuel Villar, debuted in the offshore debt capital markets with a $ 100-million five-year unsecured bond issue.

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