Vista Land ties up with Puregold

MANILA, Philippines - Villar-led home builder Vista Land & Lifescapes, Inc., signed two long-term lease agreements with Puregold Price Club Inc., which will be the anchore store in its master-planned community projects in San Fernando, Pampanga and Antipolo City, Rizal.

In a statement, Vista Land said these agreements form part of a long-term partnership established between the two parties. Businessman Lucio Co’s Puregold currently operates a highly successful supermarket in Vista Land’s 60-hectare Lakefront Development in Sucat, Muntinlupa City.

Manuel Paolo Villar, chief executive officer of Vista Land, said, “We have had a mutually beneficial relationship with Puregold and we are extremely grateful that they have agreed to partner with us. Our company looks forward to strengthening our alliance with Puregold and we will certainly continue to seek opportunities to work with Puregold on other ventures around the country,” he said.

According to Vista Land’s head of commercial operations Ma. Leni Damasco-Luya, the community malls would be located in front of established Vista Land communities in densely populated areas surrounding Mille Luce in Antipolo, Rizal and Andalusia in San Fernando, Pampanga.

Merchants in these areas would cater to the basic needs of an existing broad and underserved market. The spaces would be premium spaces, with lots of greens and fronting the parking lot, convenient access and flexible mall hours.

Early this month, Vista Land also concluded a long-term lease agreement with Tantoco-ownd Rustan Supercenters Inc., which will be the anchor store in the first commercial building in Vista Land’s flagship Evia project in Las Piñas.

Vista Land has already developed about 300 hectares of land in Evia, where it offers residential house and lot units under its Brittany, Crown Asia, and Camella brands.