Aboitiz InfraCapital (AIC), the infrastructure arm of Aboitiz Equity Ventures Inc., has announced a strategic partnership with House of Investments (HI), the non-bank holding company of the Yuchengco Group, to jointly develop an expanded economic estate in Tarlac. The collaboration will be managed through Tarlac Terra Ventures Inc., paving the way for an ambitious project aimed at enhancing the region’s economic landscape.
The joint venture is set to integrate HI’s 184-hectare adjacent property into AIC’s existing TARI Estate, creating a comprehensive mixed-use development that will complement AIC’s industrial and business offerings. Subject to final agreements and necessary regulatory approvals, HI will hold a 51 percent stake in the venture, while AIC will maintain a 49 percent interest.
“Our partnership with AIC marks our first significant foray into economic estates. We look forward to working with one of the Philippines’ leading industrial estate developers,” said Lorenzo Tan, president of HI. “This venture will allow us to diversify our property portfolio and provide long-term value through innovative and sustainable real estate solutions.”
AIC’s TARI Estate, which officially broke ground in May, aims to serve as economic driver in Central Luzon. The initial 200-hectare development is projected to create approximately 60,000 jobs and attract both local and foreign investments, aligning with AIC’s vision of establishing a smart and sustainable community hub.
The addition of HI property will enhance the estate’s offerings, creating a vibrant ecosystem for industrial, commercial, and business activities. This partnership underscores both companies’ commitment to fostering economic growth in the region while promoting sustainable development.
With the integration of mixed-use components into the TARI Estate, AIC and HI are set to redefine the economic landscape of Tarlac, providing a platform for growth that benefits the local community and stimulates regional development. As the project progresses, both companies aim to drive sustainable progress, ultimately creating a lasting impact on the economy of Central Luzon.
