Vistamalls expands footprint

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    Vista Land & Lifescapes Inc. said its commercial unit Vistamalls Inc., now operates 101 commercial assets comprising of 31 malls, 63 commercial centers, and 7 business process outsourcing office spaces.

    It said 95 percent of its 1.5 million square meters of gross floor area (GFA) is operational as the government-imposed restrictions started to ease.

    “Our commercial spaces were designed to operate alongside e-commerce from the beginning by having anchor tenants that are considered essential such as home improvement stores, supermarkets, and food establishments,” said Manuel Villar Jr., Vista Land chairman.

    “During GCQ (general community quarantine), 79 percent of our GFA was already operating and it has increased to 95 percent at present due to the further easing of quarantine restrictions by the government, as most of our tenants are providing essential services during this pandemic,” he added.