This is more amazing news for Vista Land investors!
Property firm Vista Land & Lifescapes, Inc. (VLL) is targeting to have 30 malls at the end of the year which shall be located near its master planned projects. This is all part of its expansion program. By this, the company in its portfolio have a gross leasable area to almost 1 million square meters. The malls that will be built shall have the All Day Supermarket, All Home, Coffee Project and Bake My Day which shall cater to the needs of its nearby community. These shall be under the retail arm of Manuel Villar, Jr.’s All Value Holdings Corp. (AVHC). AVHC currently maintains 72 All Day Convenience stores and it plans to open 100 of it this year.
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VLL has just recently opened its 23rd Vista Mall and the company is positive that it can reach its goal this year. The expansion program will include the construction of seven to eight malls in Vista City, on the boundaries of Muntinlupa, Cavite, Las Pinas, and Laguna. From this 30-mall goal this year, once it reaches its 50th Vista Mall, it will follow VLL’s master planned communities in the entire country.
VLL currently has 23 pipeline projects in its portfolio. They’re not only focusing on building housing communities but also towards making self-sustaining communities with retail, dining destinations, schools, hospitals, universities and the like, so it’s basically giving an overall complete experience to its homeowners.
As for its All Day Supermarket, it plans to open 13 more branches to double its total outlets. 10 to 20 Home depot stores will be added this year having a total of 26 to 28 stores. Its Coffee Project outlets are soon to set on 45 to 50 locations this year; it currently has 24 branches.
Aside from VLL’s plans this year, let’s look at their other long-term projects. First, the company plans to scale up its shopping malls to 60 locations by 2020. The company is positive that the expansion of their leasing business through Starmalls Inc. will add 38 more malls in the next 3 years. They also expect a good performance in their industry given the strong demand for commercial spaces and housing products due to good economic indicators. This can be seen from the growth of an individual’s disposable income, OFW remittances over the past years and present sound macroeconomic fundamentals.
VLL has already allotted P50 billion for its CAPEX budget for 2018 and a significant portion of it will be used for the construction of malls – which is their in line with their target this year and on 2020. Its investment on leasable spaces has had a fruitful contribution to their financial health and double-digit growth in their residential business. This 2018, VLL is aiming for a double-digit 10 to 15% consolidated net income growth. VLL is slowly penetrating the market; it has established its presence in more than a hundred cities and municipalities in the country.