Villar Group of Companies is looking to raise P5 billion to P6 billion with the planned public listing of its supermarket retail business, Allday Marts Inc.
The group earlier listed its other retail business, home improvement chain AllHome Corp.
Villar said the group is also preparing for its issuance of a real estate investment trust (REIT).
“It won’t be as big as AllHome. We kicked off with the IPO. The value of the company is about P25-P30 billion,” said Manuel Villar, group chairman.
All Day has about 35 to 40 stores with plans to grow the network by an average of 10 new ones per year, mainly in Metro Manila and nearby provinces.
Villar said the group is arranging the assets that will go into its REIT issuance, the vehicle of which is presently called Vreit.
Villar said Vreit’s portfolio will mainly be composed of office spaces, with no specific value yet.
Villar said the targets to list All Day in October and the Vreit may follow in just a month, or may coincide with each other, depending on market conditions.
A number of Villar group companies are listed apart from AllHome, the flagship Vista Land and Lifescape Inc., Golden MV Holdings Inc. and Vistamalls Inc.
