Vista Land's REIT debuts on PSE

THE commercial real estate investment trust (REIT) of integrated property developer Vista Land & Lifescapes Inc. "VistaREIT Inc." (VREIT) debuted on Philippine Stock Exchange on Wednesday, June 15.

"We are truly excited to bring VREIT to the public. What we offer is an elevated mall experience coming from our high-quality and world-class tenants. We believe that Filipinos deserve an experience that is at par with the best of the world and this IPO (initial public offering) helps us to do just that," Vista Land Chairman Manuel Villar Jr. said. The company has a portfolio of 10 community malls and two Philippine Economic Zone Authority-registered office buildings with an aggregate gross leasable area of 256,404 square meters.