Manny Villar to double VistaREIT’s GFA

VistaREIT, the real estate investment trust of ultra bilyonaryo Manny Villar, has mapped out its investment targets which will include doubling its gross floor area by the end of 2025.

VREIT also aims to diversify its portfolio by investing in other commercial real estate properties of its mother company Vista Land & Lifescapes Inc.

“The principal investment mandate and strategy of the company is to invest, on a long-term basis, in a diversified portfolio of income-generating commercial real estate assets strategically located within Vista Land Group’s integrated developments or in key urban areas,” VREIT said in its three-year investment strategy submitted to the Philippine Stock Exchange.

VREIT said it aims to maintain high occupancy rates and quality tenants, with particular focus on those offering essential goods and services.

Further, the company targets to achieve at least 10 percent annual total shareholder return through organic growth and new acquisitions.

VREIT also plans to continue to elevate mall standards through innovative concepts in the retail experience.

“The company continuously looks out for opportunities where it may innovate and further enhance the experience of its stakeholders based on market trends and the changing office and retail landscape,” it said.