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Monday, November 29, 2010

Stock News 2010: Vista Land starts P1-B lifestyle complex

Aerial view of Las Piñas City, the PhilippinesImage via Wikipedia
The country’s largest homebuilder Vista Land & Lifescapes, Inc. is spending P1 billion for its first commercial and lifestyle development to be located in the Evia master-planned city in Las Piñas City.

Vista Land president Benjamarie N. Serrano said the groundbreaking of the Lifestyle Center has been set for December and the P1 billion will be spent in the next six months.

“We are looking at total capital expenditures of about P11 billion in the next five years for Evia, as we build out major components including the Lifestyle Center, the Riverwalk, the church, and the University Town, together with continuing residential developments,” said Serrano.

These already thriving components consist of three high-end, mid-range and entry-level residential and commercial projects of Vista Land’s Brittany, Crown Asia and Camella brands which now have almost 5,500 residential units on about 150 hectares.

http://www.mb.com.ph/node/290047/vi


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