GOLDEN MV Holdings, the memorial park and columbarium development arm of the Villar Group of Companies, is acquiring 396.88 hectares worth of land from the group for P5.2 billion.
The listed firm will acquire three companies owned by former senator Manuel Villar Jr., effectively gaining control of the said properties.
“This strategic acquisition grants Golden MV access to 396.88 hectares of prime land in Villar City, a visionary development that spans 3,500 hectares across Metro Manila and portions of Cavite,” the company said in a statement.
Golden MV said the acquisition will allow itself “to concentrate on the development of Villar City.”
“With this acquisition, Golden MV reaffirms its commitment to becoming a key player in shaping the future of this expansive and innovative development,” it said.
“While Golden MV focuses on the strategic development of Villar City, Vista Land & Lifescapes, Inc. will continue to develop its own landbank, through Vista Estate, across the country. Both entities will operate complementary development strategies, with each contributing to the Villar Group’s overall vision for sustainable and inclusive urban development,” it added.
Villar City, an agglomeration of land under the Villar Group, is eyed to become the “new center of gravity” for Metro Manila. Spanning across 15 cities and municipalities, it aims to transform the landscape of urban living, to be a “convergence of economic, lifestyle, cultural, and leisure activities.”
Among ongoing developments in the properties are the construction of two golf courses, a church, an events arena, a university and an integrated entertainment complex.
“Villar City is not just a landmark project but a ‘city within cities’ that aims to redefine modern living and shape the future of the region,” the Villar Group said.
