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 launch next batch of vertical projects
September 17, 2010
Listed Vista Land and Lifescapes, Inc. yesterday said it plans to roll out vertical development projects in the coming months.
Read More >>

Vista Land eyes more condo projects in 2011
September 15, 2010
Vista Land and Lifescapes plans to open more low-rise and mid-rise residential condominiums by 2011 after successfully opening a total of 17 low-rise and mid-rise buildings spread across different projects and catering to different market segments with an
Read More >>

Vista Land plans P7.5B condo project in 2011
September 15, 2010
Listed property developer Vista Land and Lifescapes, Inc. is targeting a bigger share in the vertical home segment, announcing on Tuesday a plan to launch P7.5-billion worth condominium project in 2011.
Read More >>

Vista Land to roll out P7.5-B projects in '11
September 15, 2010
Following the successful launch of 17 low-rise and mid-rise buildings, Vista Land & Lifescapes plans to roll out P7.5 billion worth of new vertical development projects next year.
Read More >>

Vista Land to spend P12.5B for new residential projects
September 15, 2010
Vista Land and Lifescapes plans to boost its low- and mid-rise residential condominium business by putting up P12.5 billion worth of lower-density buildings through 2011.
Read More >>

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 | 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.