Monday, June 27, 2022
manilastandard.net
ADVERTISEMENT
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
manilastandard.net
No Result
View All Result
Home Business

PSE approves P9.2-b initial public offering of Vista Land’s REIT unit

Manila StandardbyManila Standard
May 16, 2022, 7:30 pm
in Business, Stocks
Reading Time: 2 mins read
A A
148
SHARES
Share on FacebookShare on TwitterShare on Email

The Philippine Stock Exchange approved the P9.2-billion initial public offering of VistaREIT Inc., the real estate investment trust company of Vista Land & Lifescapes Inc.

VREIT will conduct its maiden share offering from May 30 to June 3, based on the terms approved by the PSE. It is expected to list its shares on the maid board of the PSE on June 15 under the trading symbol VREIT.

“We are pleased with the steady increase in the number of REIT listings in the PSE. The entry of VistaREIT will further boost the size of the REIT market and broaden the portfolio of mall and office building assets in the local REIT space,” PSE president and chief executive Ramon Monzon said.

VREIT will offer up to 3.33 billion firm shares and up to 333.75 million over-allotment option shares at P2.50 apiece. The final offer price will be determined on May 25 after the company conducted its book-building process.

VREIT’s initial portfolio includes 10 community malls and two office buildings with an aggregate gross leasable area of 256,404 square meters.

ADVERTISEMENT

The malls are located in Vista Land’s integrated developments, which serve as a one-stop shop for residents in Las Piñas City, Bacoor City, General Trias City, Imus City, Municipality of Tanza, Antipolo City, San Jose Del Monte, San Fernando and Talisay City, Cebu. The office buildings are located in Taguig City and Bacoor City.

Post-IPO, VistaREIT will have a public float of 48.95 perfect while existing shareholders will retain the remaining 51.05 percent.

The company engaged BDO Capital & Investment Corp., China Bank Capital Corp., PNB Capital and Investment Corp., RCBC Capital Corp. and SB Capital Investment Corp. as joint lead underwriters for the offering, with Abacus Capital and Investment Corp. as participating underwriter. Jenniffer B. Austria

Local small investors may subscribe to the VistaREIT IPO through the PSE EASy website or mobile application.

VREIT will be the seventh REIT company to list in the local bourse. VREIT is also one of the three companies that the Villar Group plans to list in the stock exchange this year. The two others are Coffee Project and Siquijor Island Power Corp.

Tags: initial public offeringIPOPhilippine Stock ExchangeVistaREIT Inc.
ADVERTISEMENT
Manila Standard

Manila Standard

Related Posts

PHILIPPINE SEVEN CORPORATION: Notice of Annual Stockholders’ Meeting

byManila Standard
June 27, 2022, 6:00 am
0
135
7-Eleven franchisee halves capex in 2020

Read more

DOE asks incoming gov’t to pursue WPS oil projects

byAlena Mae S. Flores
June 26, 2022, 6:55 pm
0
205

Energy Secretary Alfonso Cusi said over the weekend the incoming administration will decide on oil and gas exploration activities in...

Read more

Arthaland plans to launch projects in Makati, Laguna

byJenniffer B. Austria
June 26, 2022, 6:50 pm
0
226
Arthaland starts sale of green bonds worth P3 billion

Boutique property developer Arthaland Corp. plans to launch two residential projects this year as part of its plan to grow...

Read more

DOF asks committee to prevent ‘double-dipping’ of coco levy trust fund

byJulito G. Rada
June 26, 2022, 6:45 pm
0
171
An all-in-one wellness destination

Finance Secretary Carlos Dominguez III ordered the interagency Trust Fund Management Committee, which is tasked to oversee the utilization of...

Read more

Solar PH corners 70% of 2,000 MW supply offered under GEAP program

byAlena Mae S. Flores
June 26, 2022, 6:40 pm
0
410
SPNEC price up slightly in market debut

Solar Philippines captured the bulk of power capacities offered during the Department of Energy’s auction of 2,000 megawatts of renewable...

Read more

PNR resumes operations of San Pablo-Lucena commuter service, a decade after collapse of abutment

byDarwin G. Amojelar
June 26, 2022, 6:35 pm
0
211
Tugade refutes ‘Pandora Papers,’ claims offshore funds in SALN

The Department of Transportation said the operation of the Philippine National Railways San Pablo-Lucena Inter-provincial Commuter Service resumed on June...

Read more

Stories you may like

  • Ex-Naga dad links Leni’s brother-in-law to illegal drugs

    Ex-Naga dad links Leni’s brother-in-law to illegal drugs

    36742 shares
    Share 14697 Tweet 9186
  • Of course, it was BBM’s project

    30877 shares
    Share 12351 Tweet 7719
  • INC endorses BBM, Sara

    28806 shares
    Share 11522 Tweet 7202
  • Duterte’s seven biggest achievements

    21936 shares
    Share 8774 Tweet 5484
  • Marcos leads SWS survey on presidentiables at 50%

    13583 shares
    Share 5433 Tweet 3396

Print Edition

View More

Recent Posts

  • ‘Elvis’ puts the King back in spotlight in N.American theaters
  • Police crack down on Istanbul Pride march, detain over 200
  • Police investigate deaths of 21 teenagers at S. African tavern
  • PHILIPPINE SEVEN CORPORATION: Notice of Annual Stockholders’ Meeting
  • Booster for kids 12 to 17 put off
  • Filipina Queen
  • 5 killed, 2 missing in boat mishaps off Bohol, Bataan
  • WHO: Monkeypox a deeply evolving threat

Advertisement

Latest News

Filipina Queen

byAFP
June 27, 2022, 12:51 am
0
148
Filipina Queen

Transgender beauty pageant contestant Philippines' Fuschia Anne Ravena is crowned the winner of the 2022 Miss International Queen competition in...

Read more

5 killed, 2 missing in boat mishaps off Bohol, Bataan

byAFP
June 27, 2022, 12:50 am
0
234
Supporters, fans flock to ‘Salamat, PRRD’ concert

At least five people were killed in two separate maritime incidents, authorities said on Sunday. A passenger was killed while...

Read more

WHO: Monkeypox a deeply evolving threat

byAFP
June 27, 2022, 12:45 am
0
201
Experts: Monkeypox hard to detect

The World Health Organization's chief said the monkeypox outbreak was a deeply concerning evolving threat but did not currently constitute...

Read more

Guevarra to let his successor complete review of drug war

byRey E. Requejo
June 27, 2022, 12:40 am
0
196
Control gate to replace BuCor wall

Outgoing Justice Secretary Menardo Guevarra on Sunday said it is now up to the incoming Marcos administration to continue the...

Read more

Supporters, fans flock to ‘Salamat, PRRD’ concert

byManila Standard
June 27, 2022, 12:35 am
0
418
Supporters, fans flock to ‘Salamat, PRRD’ concert

Heavy rains did not dampen the spirits of thousands of supporters and fans of President Rodrigo Duterte who attended the...

Read more

Advertisement

ADVERTISEMENT
Facebook Twitter Instagram Youtube

ABOUT US

Manila Standard

Manila Standard website (manilastandard.net), launched in August 2002, extends the newspaper’s reach beyond its traditional readers and makes its brand of Philippine news and opinion available to a much wider and geographically diverse readership here and overseas.

Digital Edition

In tone and content, the online edition mirrors the editorial thrust of the newspaper. While hewing to the traditional precepts of fairness and objectivity, MS believes the news of the day need not be staid, overly long or dry. Stories are succinct, readable and written in a lively style that has become a hallmark of the newspaper.

Download – Today’s Paper

Search

No Result
View All Result

6th Floor Universal Re Bldg., 106 Paseo De Roxas cor. Perea Street, Legaspi Village, 1226 Makati City Philippines

Trunklines: 832-5554, 832-5556, 832-5558

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Pop.Life
    • Newsmakers
    • Hangouts
    • A-Pop
    • Post Its
    • Performances
    • Malls & Bazaars
    • Hobbies & Collections
  • Technology
    • Gadgets
    • Computers
    • Business
    • Tech Plus
  • MS ON THE ROAD
    • Sedan
    • SUV
    • Truck
    • Bike
    • Accessories
    • Motoring Plus
    • Commuter’s Corner
  • Home & Design
    • Residential
    • Commercial
    • Construction
    • Interior
  • Spotlight
  • Gallery
    • Photos
    • Videos
  • Events
    • Seminars
    • Exhibits
    • Community
  • Biyahero
    • Travel Features
    • Travel Reels
    • Travel Logs
  • Pets
  • Advertise with Us

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Install Manila Standard Web App

Install App