Tarlac City, November 15, 2024 — Aboitiz InfraCapital Economic Estates continues to advance its vision for Central Luzon as a leading industrial region with significant progress on TARI Estate. Since breaking ground in May 2024, the development has rapidly expanded, now reaching 30% completion of Phase 1 and encompassing 384 hectares after a recent partnership-driven expansion with House of Investments. This milestone reinforces TARI Estate’s role in attracting industrial investments, creating jobs, and strengthening the Luzon Economic Corridor’s growth trajectory.
“As we continue our construction progress, TARI Estate is well on its way to becoming a thriving industrial ecosystem,” said Clifford Academia, Vice President for Luzon Operations of Aboitiz InfraCapital Economic Estates “With Tarlac’s strategic location and a skilled workforce, we see tremendous potential for this region to emerge as a prime investment destination. TARI Estate is not just an industrial development; it’s a full ecosystem designed to support the long-term growth of its locators and the surrounding communities.”
TARI Estate has already seen substantial interest, with 45 hectares of industrial lots sold to locators eager to contribute to Central Luzon’s economic landscape. The project, Aboitiz InfraCapital’s fourth industrial-anchored development, aims to create 60,000 jobs over time, combining industrial, commercial, residential, and institutional spaces in a balanced, sustainable environment.
Monica Trajano, Vice President for Business Development, Sales and Leasing, commented, “The interest we’re seeing is a testament to TARI Estate’s potential to become a landmark industrial hub. We’re committed to providing a comprehensive environment where businesses can thrive with ease, from infrastructure to sustainability-focused facilities.”
[From L-R] Aboitiz InfraCapital Economic Estates Vice President for Luzon Operations Clifford Academia, Aboitiz InfraCapital Economic Estates Vice President for Business Development, Sales and Leasing Monica Trajano, PEZA Zone Manager for Tarlac Atty. Rene Baysa, Aboitiz InfraCapital Economic Estates Vice President for Inventory Generation Jolan Formalejo, and Aboitiz InfraCapital Economic Estates Senior Assistant Vice President for Planning and Construction Roylan Ocampo
, Aboitiz InfraCapital Economic Estates’ fourth industrial-anchored development
Representing the Philippine Economic Zone Authority, Tarlac Zone Manager Atty. Rene Baysa joined the event to underscore PEZA’s support for Aboitiz InfraCapital’s initiatives, which align with the goals of the Luzon Economic Corridor project. “Together, we can achieve more towards creating jobs and enabling industries and spurring countryside development—the fundamental objectives for which PEZA was created. We, in PEZA, together with our growth champion—ecozone developers continue building homes for more long-term foreign direct investment companies to settle in The Philippines. We are privileged in serving our stakeholders here with trade facilitation instead of regulation.” Baysa shared. The long-standing partnership highlights the shared commitment to regional economic development through industrial investment, infrastructure, and job creation.
As part of Aboitiz InfraCapital’s nationwide network, TARI Estate benefits from the expertise and resources of Aboitiz businesses like Aboitiz Construction, which has been pivotal in meeting development milestones. This progress reflects Aboitiz InfraCapital’s dedication to creating integrated Economic Estates that promote sustainable growth, reinforce regional economies, and offer locators a comprehensive business ecosystem.
As of the 3rd Quarter of 2024, Phase 1 of TARI Estate is at 30% completion. This includes site development works such as roads networks, drainage works, and detention pond.
With a legacy spanning over 30 years, Aboitiz InfraCapital Economic Estates have consistently driven growth across the Philippines, covering nearly 2,000 hectares, generating over 100,000 jobs, and attracting ₱158 billion in investments. In 2023, these Estates facilitated $3.4 billion in exports, underscoring Aboitiz InfraCapital’s role as a key player in the country’s industrial sector and economic progress.
As TARI Estate continues to grow, it invites local and international investors to be part of Central Luzon’s next phase of industrial and economic transformation, setting the stage for a vibrant and sustainable future
As of the 3rd Quarter of 2024, Phase 1 of TARI Estate is at 30% completion. This includes site development works such as roads networks, drainage works, and detention pond.
About Aboitiz InfraCapital Economic Estates
Aboitiz InfraCapital’s (AIC) Economic Estates is a leading developer of industrial-anchored estates in the Philippines. Catering to a wide range of businesses and communities, AIC Economic Estates' portfolio includes the 940-hectare LIMA Estate in Lipa-Malvar, Batangas; the 63-hectare Mactan Economic Zone 2 Estate in Lapu-Lapu City, Cebu; the 540-hectare West Cebu Estate in Balamban, Cebu; and the newly launched 200-hectare TARI Estate in Tarlac City, Tarlac. The multi-awarded AIC Economic Estates are well-supported by a comprehensive ecosystem of infrastructure facilities and services, managed by Aboitiz businesses, including Aboitiz InfraCapital, AboitizPower, and Aboitiz Construction.
About TARI Estate
TARI Estate is a 384-hectare Economic Estate set to transform the industrial landscape of Central Luzon. Located in Tarlac City, Tarlac, it is projected to create up to 60,000 jobs, and will strategically integrate diverse asset classes, including commercial lots, retail spaces, office buildings, residential areas, dormitories, institutional facilities, and hospitality services, along with a transport terminal.
Comments
0 comment