The Villar group is targeting three initial public offerings (IPOs) this year, with its real estate investment trust (REIT), coffee shop business, and power company, its top official said.
VistaREIT, Inc., the REIT company of Vista Land & Landscapes, Inc., is set to debut on the stock exchange in the second quarter.
The Securities and Exchange Commission said in March that it had received the registration statement of VistaREIT, Inc. for an initial public offering of P9.18-billion shares on the stock exchange’s main board. “VistaREIT is envisioned to be the flagship office and mall REIT of Vista Land, one of the country’s largest integrated real estate developers, and aims to be among the leading diversified commercial REITs in the Philippines in terms of portfolio, profitability, growth, sustainability, and dividend yield,” according to the prospectus.
The power generation company has facilities in Siquijor and Camotes Islands with a combined capacity of 21.7 megawatts.
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