VREIT to double portfolio by end-2027

VistaREIT Inc. (VREIT), the real estate investment trust of Villar-owned property developer Vista Land & Lifescapes Inc., is aiming to double its gross floor area (GFA) by the end of 2027 as part of its goal to provide competitive investment return to shareholders.

- By CATHERINE TALAVERA

This was disclosed by the company to the Philippine Stock Exchange yesterday in its three-year investment strategy prepared by VFund Management Inc.

Currently, VREIT has a portfolio of 256,404 square meters with an appraisal value of P25.3 billion. This is composed of 10 community malls and two office buildings.

Among the investment objectives of the company in the next three years is the diversification of its portfolio by investing in other VLLI's commercial real estate properties.

"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 in key urban areas," the company said.