Tarlac City, Philippines — LIMA Land, Inc. (“Aboitiz Economic Estates”), a wholly owned subsidiary of the integrated real estate platform of the Aboitiz Group, and House of Investments (HI), the non‑bank holding company of the Yuchengco Group of Companies (YGC), have received clearance from the Philippine Competition Commission, allowing them to formalize definitive agreements for their joint venture at TARI Estate. The 184-hectare property owned by HI subsidiary Tarlac Terra Ventures, Inc. (TTVI) will be developed in partnership with Aboitiz Economic Estates, with HI holding a 51% stake and Aboitiz Economic Estates holding 49%. The latter will serve as the exclusive provider of project management, estate operations, and general support services, expanding TARI Estate to a total of 384 hectares.
Development at TARI Estate continues to advance steadily. Phase 1, covering 90 hectares, is currently undergoing site development and is expected to be completed in the second half of the year. Subsequent phases are progressing in parallel to accelerate the delivery of critical infrastructure and keep the estate aligned with growing investor demand. Built to support immediate and sustained operations, the estate is anchored by an integrated internal road network with direct access to Luisita Road. This enables efficient logistics and workforce mobility, alongside dependable power and water supply, robust telecommunications and fiber connectivity, and estate-wide utilities designed for continuous industrial performance. Dedicated PEZA and Bureau of Customs offices, targeted to be operational by the first quarter of 2027, will further streamline regulatory and customs processes on site, creating a seamless environment where companies can establish, operate, and scale with confidence.
The expansion is designed to support light- to medium-scale industries, widening the estate’s industrial base and complementing the operations of anchor locators Coca-Cola Europacific Aboitiz Philippines, and Ajinomoto Philippines Corporation. Construction is set to commence this year, spurring increased on-ground activity through 2028. TARI Estate continues to gain strong momentum with its first phase fully sold out and its locators now in various stages of development, strengthening the estate’s industrial ecosystem and generating new employment. Phase 2 is attracting growing interest from both foreign and domestic enterprises seeking to strengthen their supply chains.
Strategically positioned along major thoroughfares, including SCTEX, TPLEX, and CLLEX, and near Clark International Airport and major seaports, TARI Estate offers locators seamless access to Luzon’s logistics network.
“We value our partnership with the Aboitiz Group in advancing economic development in Central Luzon. As our first major venture into Economic Estates, we strengthen our position in horizontal property development and broaden our property portfolio. This joint venture supports our dedication to delivering long-term value through flexible, sustainable, and futureproof real estate solutions,” says Lorenzo V. Tan, President and CEO of HI.
“This joint venture is a pivotal step in TARI Estate’s evolution,” said Rafael Fernandez de Mesa, President and CEO of Aboitiz Economic Estates and Aboitiz Land. “With regulatory approval secured, we are accelerating infrastructure delivery, expanding access, and welcoming new locators into a dynamic ecosystem anchored by Coca-Cola Europacific Aboitiz Philippines and Ajinomoto Philippines Corporation. Through Tarlac Terra Ventures, we are creating an environment where industries can scale efficiently, investments translate into real progress, jobs are created and communities benefit from sustainable economic growth.”
This collaboration reaffirms the partners’ commitment to building integrated, future-ready industrial ecosystems that strengthen competitiveness, attract investment, and empower communities in Tarlac and across Central Luzon.