Major developer secures fresh funding to support operations and growth

Vista Land & Lifescapes Inc., one of the country’s largest integrated property developers, has secured up to %u20B13.4 billion in loan facilities to refinance maturing obligations and support its working capital requirements.

In a disclosure to the Philippine Stock Exchange, the company said the loan was arranged through its subsidiaries — Vistamalls Inc., Brittany Corp., Camella Homes Inc., and Crown Asia Properties Inc. The loan carries a term of up to three years.

The fresh credit lines form part of Vista Land’s broader liability management strategy. Earlier this year, the company fully redeemed %u20B110 billion worth of fixed-rate bonds issued in 2019, which were settled through shareholder advances. That transaction allowed the firm to sidestep refinancing risks amid elevated interest rates.

The latest loan agreement is seen as a continuation of the company’s proactive efforts to stabilize its financial position and fund expansion plans across its residential and commercial portfolio.

In the first quarter of 2025, Vista Land reported %u20B13.1 billion in net income, driven by stronger contributions from its leasing business and steady performance from residential sales. Consolidated revenues reached %u20B15.8 billion during the period.

Industry analysts note that Vista Land’s diversified portfolio — spanning horizontal housing, high-rise condos, and lifestyle malls — gives it flexibility to adjust to changing market conditions. The new loan could further bolster its liquidity as it navigates a more cautious consumer environment and costlier construction inputs.

Vista Land continues to develop projects in key growth areas across the country, capitalizing on ongoing infrastructure developments and rising demand for suburban housing.