September 24, 2013 7:32 pm [
manilatimes.net ]
by MADELAINE B. MIRAFLOR
Vista Land and Lifescapes Inc., the
country’s largest homebuilder, recently opened its P1-billion Paseo de
Andalusia in Pampanga, with a plan to start phase 2 of the lifestyle center
within the year.
Paseo de Andalusia, a village center
that would primarily cater to residents of Vista Land’s eight-hectare
Spanish-themed community in the area, is located along McArthur Highway.
Former senator Manny Villar, Vista
Land chairman, told reporters that the company is now doing preparatory works
to start phase 2 of Paseo de Andalusia, which involves the development of more
stores, among others.
He added that the construction of the
second phase of the project will begin before the year ends.
Vista Land, in developing residential
projects, always sets aside a portion of its property for future development.
Other Vista Land shopping centers are
The Lakefront Wharf and The Lakefront Boardwalk in Sucat, Evia in Daang Hari,
Vista Town Center in Antipolo, Vista Town Center in Cagayan de Oro and
Savannah, Vista Land’s flagship project, in the Visayas region.
For this year, Vista Land is looking
at a conservative growth of 15 percent as it intends to slow down its
development of high-rise projects.
“We are looking at reducing our high
rise exposure,” Villar said.
“So, [we’re only looking at] more or
less 15-percent growth in revenues and profits in 2014,” he added.
Meanwhile, in the next five to 10
years, Vista Land is targeting to have 15 masterplanned communities nationwide.
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