Real estate billionaire and former senator Manuel Villar said Vista Land & Lifescapes Inc. will spend P1.2 billion to build another seven full-service home furnishing outlets under the All Home brand.
Villar in an interview during the opening of its 13th All Home store at the Vista Mall Antipolo said the group planned to open 20 stores by the middle of next year.
Most of these new stores are located with the mega Manila area.
Villar said the average size of the stores would be bigger, or between 10,000 and 15,000 square meters, to offer more products to customers.
“We have presence in nearly 100 cities and municipalities under our Camella Homes brand. We target to have All Home at least have half of these areas,” he said.
Villar earlier said it might consider listing the business venture once it reached 35 to 50 stores.
“It is something that will happen [IPO]. But we are still small. Before we consider listing, we want to have at least 35 to 50 stores,” Villar said.