Villar’s Vista Land sets P25-B capex
August 03, 2020

VISTA LAND & LIFESCAPES, Inc. (VLL) is allocating P25 billion for capital expenditures (capex) this year to continue supporting construction and land banking plans.
In a statement over the weekend, the Villar-led property developer said it was revisiting its pipeline of projects for 2020 in light of changing consumer behavior due to the coronavirus pandemic. Its P25-billion capex this year is lower than its 2019 capex of P38.29 billion and 2018 capex of P45.05 billion. About 90% of the allocation is intended for construction and land development, while 10% is for land acquisition and payment of land payables.
“We are revisiting our planned project launches as well as the expansion program of our leasing business for the rest of the year. And as previously mentioned, we have the capacity to fast track construction if we deem it necessary,” VLL Chairman Manuel B. Villar, Jr. was quoted as saying.
The company’s plan is to continue building integrated urban development that combine retail, office and residential projects along with healthcare and leisure components.
It said it draws optimism from its residential business, which has been recording improving sales to about 70% of pre-pandemic levels since June. The growth is attributed to its investment in digital platforms, which allows buyers to connect with VLL online.
“We are hoping that these encouraging signs in our residential business will continue,” VLL President and CEO Manuel Paolo A. Villar said in the statement.
“With the growing importance of staying at home, we are also seeing an increased preference for our housing products especially in the provincial areas. We are now taking advantage of Vista Land’s geographic reach, being present in 147 cities and municipalities across the country,” he added.
VLL’s profits fell 8% to P2.34 billion in the first quarter due to delayed project completions. The pandemic-related lockdown pulled down its revenues by 3% to P9.93 billion with the suspension of construction activities.
Shares in VLL at the stock exchange ended Thursday’s session at P3.12 apiece, up six centavos or 1.96% from a day ago. — Denise A. Valdez

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.

Vista Land taps overseas debt market for funds
September 28, 2010
The property firm of Sen. Manuel Villar said it debuted in the international debt market with its bond issuance last week.

previous | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | next
Home About Vista Land News Investor Relations Contact Us Privacy Policy

Vista Land & Lifescapes, Inc. Upper Ground Floor, Worldwide Corporate Center, Shaw Boulevard, Mandaluyong City, 1552 Philippines

Copyright 2011-2017 Vista Land & Lifescapes Inc.