VICSAL Development Corporation

We engage in property development, property leasing, retail, mall operations, and financial services to match the needs of the people.

About Us

VDC has holdings across retail, property, and financial services. Retail, under the “Metro” brand, is the Group’s largest and Taft Properties partners with Metro on its organic growth plans. Financial services include banking, investment banking, securities trading, and sub-prime lending. VDC’s core segment covers all its holdings in the mass market — lower B, C1, C2 and upper D — which accounts for 40% of families and 50% of total spending in the country.

Our History

In 1949, Doña Modesta Gaisano, together with her five sons, established White Gold Department Store, acknowledged as the premiere retailer of post-war Cebu City. Upon the demise of Doña Modesta in 1981, the Gaisano siblings moved on and pursued their respective business interests.

In 1982, second youngest son Victor Gaisano and his wife Sally, built the first Metro Gaisano Department Store and Supermarket in Colon, Cebu City. They started the business from very humble beginnings with their children, Margaret, Jack, Edward, and Frank.

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