Aboitiz Economic Estates and House of Investments have formalized a joint venture to expand the fast-growing TARI Estate in Tarlac, signaling rising investor confidence in Central Luzon’s emergence as a manufacturing and logistics corridor.
The partners have established Tarlac Terra Ventures Inc. to develop an additional 184 hectares within the industrial estate. The expansion follows the sell-out of the estate’s initial 90-hectare phase, where locators are now building production facilities and preparing for operations.
The partnership blends the industrial estate development expertise of Aboitiz Economic Estates with the capital and institutional backing of House of Investments, one of the Philippines’ oldest conglomerates. House of Investments president and chief executive Lorenzo V. Tan said the project aligns with the group’s strategy of supporting long-term investments that contribute to economic growth.
The expansion reflects Aboitiz Group’s broader shift in how industrial zones are being developed in the country. Rafael Fernandez de Mesa, president and chief executive of Aboitiz Land and Aboitiz Economic Estates, said modern manufacturing increasingly depends on integrated ecosystems where infrastructure, utilities and supply chains operate in close proximity.
Early locator activity suggests that strategy is gaining traction. Global manufacturers including Coca-Cola Europacific Aboitiz Philippines and Ajinomoto Philippines Corporation are developing large-scale facilities within the estate, helping anchor the first wave of industrial activity.
Supporting infrastructure is also taking shape. The estate is building internal roads linked to Luisita Road along with power, water and fiber connectivity designed for continuous industrial operations. Facilities for the Philippine Economic Zone Authority and the Bureau of Customs are expected to be operational by the first quarter of 2027, strengthening its appeal to export-oriented manufacturers.
The expansion comes as industrial land demand in Central Luzon continues to climb, driven by supply chain diversification and manufacturers seeking locations outside Metro Manila.
By scaling up TARI Estate early, Aboitiz and House of Investments appear to be positioning the project to capture that wave of industrial expansion while building a long-term manufacturing hub in the region.
