By Richmond Mercurio (The Philippine
Star) | Updated April 27, 2015 - 12:00am
MANILA, Philippines - Real-estate
tycoon and former Sen. Manuel B. Villar Jr. plans to conduct an initial public
offering (IPO) for his All Home brand within the next three years as he aims to
grow the branch network of the one-stop home improvement store to as many as 40
branches by 2018.
Villar, chairman of Vista Land and All
Value Holdings Corp., said he is speeding up not only the expansion of All Home
branches nationwide but also the brand’s possible debut in the local stock
market.
“Five years is too long, I’m
accelerating it so hopefully within three years,” Villar said of All Home’s
planned IPO.
The Villar Group is prepared to spend
as much as P12 billion over the next five years to open six to eight All Home
outlets nationwide every year.
“In the next five years we will be
ramping up the establishment of more All
Homes. Minimum is six to eight stores per year nationwide. That is at
least for the next five years because we still have a lot of available areas.
We are just starting,” Villar said.
All Home, a one-stop shop home
construction, renovation and decoration provider, currently has eight stores
following the launch of its biggest store in Sta.Rosa City, Laguna last week.
The Sta. Rosa branch occupies 10,500
square meters of space dedicated to an extensive collection of home improvement
items and services.
Within the year, Villar said four more
new All Home branches would open while two existing ones would be expanded.
New stores will open this year in
Imus, Las Piñas, Bataan and Antipolo while the branches in San Jose del Monte,
Bulacan and San Fernando, Pampanga will be expanded.
An All Home store with an average
leasable space of 9,000 square meters would cost about P270 million to P300
million to put up.
By next year, Villar said All Home
would start expanding outside Luzon with branches eyed in major cities such as
Cagayan De Oro, Iloilo, and Davao.
“I think our timing with All Home is
just perfect. Every store we open is better than the previous one,” he said.
Other existing All Home branches are
currently located in Muntinlupa, Taguig, Bulacan, Pampanga, and Daanghari.
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