Sustaining its momentum in the condominium segment, publicly listed holding company
Vista Land continues to expand its role in condo construction with the forthcoming launch in Quezon City of Wil Tower Mall,
its anchor development for 2010 under Vista Residences, the group’s consolidated brand for condominium developments.
The project is expected to generate over P4 billion in revenues and is targeted for completion in 2014.
“Investing steadily in residential condo development
is a strategic decision of Vista Land with a long-term perspective,” said company CEO Jing Serrano, “Unlike home
and lot developments, condo projects pose different demands, with a longer gestation period. An entire building needs to be
completed each time, not merely individual units as in horizontal projects. But the long-term growth of the segment is there,
and residential condos will increasingly contribute to revenue.”
Wil Tower Mall has a premium location across the ABS-CBN compound along Eugenio Lopez Drive in Quezon
City, offering proximity to the city's media hubs ABS-CBN and GMA; top healthcare facilities St. Luke's Medical Center and
Cardinal Santos Medical Center; academic institutions UP Diliman, Ateneo de Manila and Miriam College; and the shopping and
leisure destinations of SM North EDSA, Trinoma, Gateway Mall and Araneta Center.
As a 42 storey mixed-use condominium project, Wil Tower Mall will be the tallest
and most upscale building in the area, with two 38-storey residential buildings hoisted on 4 podium levels housing commercial,
high-end establishments. The project’s amenities will include a supermarket, specialty restaurants, and a range of leisure
and fitness facilities.
“With
this condominium project, we are providing highly advantageous value to occupants, investors and residents,” Ms. Serrano
said, “We want Wil Tower to be a landmark, making positive contributions to the further growth of Quezon City’s
business and commercial sectors, and the quality of life in its urban environment.”
February 20, 2010, 1:48pm
http://www.mb.com.ph/articles/244374/wil-tower-expands-vista-land-s-role-condo-market
