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 Launches P32-B Projects
January 30, 2012
MANILA, Philippines — Vista Land & Lifescapes is launching this year 32 residential subdivision projects nationwide with total project value of P32 billion to further solidify its record as the country’s runaway leader as house and lot developer.

Vista Land to launch P32B worth of projects in 2012
January 30, 2012
MANILA, Philippines - Vista Land & Lifescapes Inc., the Philippines’ largest horizontal residential developer, is launching more projects this year on expectations that housing demand in the country will remain robust.

Vista Land to build condominium project
January 16, 2012
Vista Lands and Lifescapes Inc plans to spend PHP400 million (US.14 million) on a new condominium project in Pasig City under its flagship Camella Homes brand. The project dubbed Camella Condo Homes Pasig (CCH-Pasig) will be a single mid-rise 10-storey

Vista Land allots P400M for mid-rise condo project
January 16, 2012
MANILA, Philippines - Vista Land and Lifescapes Inc., a listed residential developer controlled by the family of Sen. Manuel Villar Jr., is allotting P400 million to build a residential condominium in Pasig under its Camella Homes brand.

Vista Land to work on P400-M Pasig condo
January 15, 2012
LISTED PROPERTY DEVELOPER Vista Land & Lifescapes, Inc. plans to spend P400 million on a new condominium project in Pasig City under its flagship Camella Homes brand, the company said in a press statement on Saturday.

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