LIMA Land Inc., the Aboitiz Group’s economic estates arm, and House of Investments (HI) of the Yuchengco Group have secured clearance from the Philippine Competition Commission, paving the way for the formalization of their joint venture at TARI Estate in Tarlac.
The partnership brings together Aboitiz Economic Estates and HI subsidiary Tarlac Terra Ventures Inc. to develop the 184-hectare property, with HI holding a 51 percent stake and Aboitiz Economic Estates owning 49 percent. Under the agreement, Aboitiz Economic Estates will act as the exclusive provider of project management, estate operations, and general support services. The collaboration will expand TARI Estate to a total of 384 hectares.
Development momentum is already building. Phase 1, spanning 90 hectares, is undergoing site development and is targeted for completion in the second half of the year. Subsequent phases are progressing in parallel to fast-track infrastructure delivery and meet growing investor demand. Construction activity is expected to intensify through 2028.
Designed for immediate and long-term industrial operations, TARI Estate features an integrated internal road network with direct access to Luisita Road, reliable power and water supply, robust telecommunications, and estate-wide utilities. Dedicated offices for the Philippine Economic Zone Authority and Bureau of Customs, targeted to be operational by the first quarter of 2027, are expected to streamline regulatory and customs processes on site.
The expansion will cater to light- to medium-scale industries, complementing anchor locators Coca-Cola Europacific Aboitiz Philippines and Ajinomoto Philippines Corporation. Phase 1 is fully sold out, while Phase 2 is drawing interest from both local and foreign firms seeking to strengthen supply chains.
Strategically located near SCTEX, TPLEX, CLLEX, Clark International Airport, and major seaports, the estate offers seamless access to Luzon’s logistics network.
“This joint venture supports our commitment to delivering sustainable, future-ready real estate solutions,” said HI President and CEO Lorenzo V. Tan. Aboitiz Economic Estates President and CEO Rafael Fernandez de Mesa called the partnership “a pivotal step” in building a dynamic industrial ecosystem that creates jobs and drives growth across Central Luzon.
