Philippines’ Vista Land ‘Considering’ REIT IPO (ABSCBN News)

December 7, 2021 – Vista Land and Lifescapes Inc said Monday it was considering a real estate investment trust (REIT) initial public offering of its office assets next year.

The REIT IPO is subject to market conditions as well as other commercial and legal considerations, the property firm led by tycoon and former senator Manny Villar said in a disclosure to the stock exchange.

More REITs are likely to follow suit after the successful debut and listing of Ayala Land’s AREIT and DoubleDragon’s DDMP, Securities and Exchange Commission chairman Emilio Aquino earlier said.

Other companies have also successfully listed their REITs units including MREIT of Megaworld and RL Commercial REIT of Robinsons Land Corp.

Read more here..

Related News