Tarlac estate expansion underway after PCC nod

Two of the country’s business powerhouses—the Aboitiz Group and the Yuchengco Group of Companies (YGC)—are teaming up to expand TARI Estate in Tarlac, unlocking new industrial land, speeding up infrastructure delivery, and drawing in more local and foreign investors.

LIMA Land, Inc., a wholly owned subsidiary of the Aboitiz Group’s integrated real estate platform, and House of Investments (HI), the non-bank holding company of YGC, have secured clearance from the Philippine Competition Commission for their joint venture at TARI Estate.

Under the deal, the 184-hectare property owned by HI subsidiary Tarlac Terra Ventures, Inc. will be developed with Aboitiz Economic Estates, expanding TARI Estate to 384 hectares. HI will hold a 51 percent stake, while Aboitiz Economic Estates will own 49 percent.

Aboitiz Economic Estates will also serve as the exclusive provider of project management, estate operations, and general support services.

“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,” said Lorenzo V. Tan, President and CEO of HI.

Meanwhile, Rafael Fernandez de Mesa, President and CEO of Aboitiz Economic Estates and Aboitiz Land, called the venture a “pivotal step in TARI Estate’s evolution.”

“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.”

According to the parties, the Phase 1 of the 90-hectare expansion is underway and slated for completion in the second half of the year, with subsequent phases progressing simultaneously to meet investor demand.

Dedicated PEZA and Bureau of Customs offices, expected to be operational by the first quarter of 2027, will simplify regulatory and customs processes, moving the estate closer to locator-ready status.

The expansion will accommodate light- to medium-scale industries, complement anchor locators Coca-Cola Europacific Aboitiz Philippines and Ajinomoto Philippines Corporation, and sustain construction activity through 2028.

Located near expressways, Clark International Airport, and major seaports, TARI Estate provides seamless access to Luzon’s logistics network.