EXCERPT

In addition, VLL has about 3,000 hectares of raw land, also known now as the Vista Estates.  VLL has also identified various locations that are suitable for commercial developments in the future.

VREIT’s initial portfolio is composed of 10 community malls and two PEZA-registered office buildings, with an aggregate gross leasable area (GLA) of 256,404 square meters.

Based on its plan, VREIT will offer up to 3.33-billion secondary common shares at a maximum offer price of P 2.50 per share, with an over-allotment option of up to 333.75-million secondary common shares.

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