REAL estate magnate and former Senator Manuel Villar has joined the sector’s township trend, which he prefers to call “communicities” by merging his affordable housing and mall businesses.
In a disclosure to the Philippine Stock Echange on Tuesday, Vista Land and Lifescapes Inc., Villar’s publicly listed affordable housing holding company, said it is acquiring 88.25 percent of Starmalls Inc. from Fine Properties Inc., also a publicly listed investment holding firm of the Villar family.
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