The Villar Group is following in the footsteps of conglomerate Ayala Corp. in developing hospitals and schools within mixed-use real estate developments.
But the group’s venture into these ancillary businesses within large estate developments will not be done through listed property firm Vista Land and Lifescapes Inc.
“Vista Land will remain focused on housing development,” former senator and now Vista Land chairman Manuel Villar said in a recent chat with reporters.
Through its private holding company, the Villar group will put up a 150-bed hospital to be called VitaMed and a primary school called Georgia School, within a huge real estate development in Daanghari, Muntinlupa City.
According to Villar, the group’s venture into hospital business is a logical expansion, as buyers are now looking for developments, complete with facilities, which aside from retail and commercial, now also include hospitals and schools.
“We are making it a complete development [Daanghari] for homeowners, from birth to death cycle,” Villar said in Filipino.