Whether it is due to his reported heavy losses from gambling or not, comebacking controversial television host Willie Revillame has quietly sold his commercial complex called Wil Tower Mall near ABS-CBN headquarters along Mother Ignacia Street in Quezon City to Vista Land Lifescapes Inc. of the Villar group.
Vista Land president Manuel Paolo Villar confirmed the sale, when asked about the status of the four-story commercial complex beside Wil Tower, a two- tower, high-rise development of Vista Land’s high-rise unit Vista Residences. The deal was consummated late last year.
Villar said the commercial building, which opened in 2013, would soon be rebranded as Vista Place.
While the Vista Land owns the twin-tower development, the mall complex used to be owned by Revillame, prior to the reported transaction.
As the entertainment personality does not have expertise in running a mall, Revillame reportedly decided to sell the business to the Villar group, which has been a long-time supporter of his past TV shows.
Villar did not disclose additional details about the transaction in deference to Revillame.