Aboitiz InfraCapital Economic Estates maps expansion in Central Luzon
In a bold move to expand its footprint across the country, Aboitiz InfraCapital Economic Estates, Philippines’ leading developer and operator of smart and sustainable industrial-anchored developments is gearing up to unveil a new Economic Estate at the heart of Central Luzon.
Aboitiz InfraCapital (AIC), one of the country’s leading infrastructure companies, is strategically expanding its portfolio in a key geographic location with the acquisition of 200 hectares in Tarlac City.
The latest acquisition, while still subject to closing conditions, by its wholly-owned subsidiary, LIMA Land Inc., from a wholly-owned subsidiary of Central Azucarera de Tarlac, will further strengthen Aboitiz InfraCapital’s position as one of the Philippine’s top infrastructure companies and the leader in smart and sustainable industrial development. In addition, this acquisition will also boost AIC’s growing portfolio of Economic Estates, which includes LIMA Estate in Batangas, MEZ2 Estate and West Cebu Estate in Cebu, for a total combined footprint of over 1,600 hectares.
AIC’s plans for the newest estate will leverage its strategic location, closely linked to a convergence of major road networks such as SCTEx, TPLEx, CCLEx, and MacArthur Highway.
“We are thrilled to be investing in Central Luzon through the expansion of our Economic Estates in Tarlac City,” said Cosette Canilao, President and CEO of Aboitiz InfraCapital. “The region’s robust economic activity, strategic location, and existing infrastructure make it an ideal destination indeed for businesses and investors seeking growth opportunities.”
By creating a new hub of economic activity in Tarlac City, Aboitiz InfraCapital Economic Estates aims to provide a conducive environment for businesses to thrive, attracting investments and promoting job creation. With over 220 locator businesses currently flourishing across their Economic Estates, this expansion will not only strengthen the existing economic ecosystem but also offer new opportunities for growth and innovation.
The impact of this initiative extends far beyond infrastructural development; it signifies Aboitiz InfraCapital’s dedication to the Filipino workforce. The 100,000 Filipinos employed by the businesses within their Economic Estates stand as a testament to the company’s commitment to enhancing livelihoods and fostering prosperity. By expanding their presence to Tarlac City, Aboitiz InfraCapital is poised to catalyze further economic dynamism, creating a ripple effect of progress that will benefit the local community and the nation as a whole.
“As we expand, we remain committed to our vision of catalyzing economic, social, and environmental progress in emerging markets across the Philippines, contributing to the transformation and development of the countryside,” says Rafael Fernandez de Mesa, Head of Aboitiz InfraCapital Economic Estates.
“Similar to our existing Economic Estates, the forthcoming Central Luzon estate will also be a smart and sustainable industrial-anchored estate, designed to attract diverse locators from various industries. By combining smart city technology in its facilities, its synergy with the different business sectors of the Aboitiz Group, and a commitment to sustainability, we aim to foster an environment that nurtures business growth and community development,” Fernandez de Mesa adds.
Meanwhile, AIC will continue to develop sustainability initiatives in its existing Economic Estates while expanding the facilities and services it offers to its locators and residents living in nearby communities.
AIC Economic Estates’ flagship project, LIMA Estate, is an expansive 826-hectare PEZA registered zone spanning Lipa and Malvar in Batangas. Situated at the heart of CALABARZON, the country’s premier hub of industry, LIMA Estate stands as the largest and most ambitious endeavor within Aboitiz InfraCapital’s portfolio. MEZ2 Estate is a dynamic 63-hectare Philippine Economic Zone Authority (PEZA) registered zone adjacent to the Mactan Cebu International Airport in Lapu-Lapu City, while the West Cebu Estate is a sprawling 540-hectare PEZA registered zone in Balamban also known as the Shipbuilding Capital of the Philippines.
