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Aboitiz InfraCapital strengthens leadership at the 11th Philippine Property Awards with eight wins and third consecutive Best Industrial Developer title

Press Release

September 25, 2023

Aboitiz InfraCapital Economic Estates receives eight awards from PropertyGuru Philippines awards, including the Best Industrial Developer and Special Recognition in Sustainable Design and Construction awards, which the company has won for the third year in a row.

MANILA, Philippines, 25 September 2023 – Aboitiz InfraCapital Economic Estates (AIC Economic Estates), the Philippines’ leading developer and operator of smart and sustainable industrial-anchored mixed-use estates, has once again emerged triumphant by securing eight prestigious awards at the 11th Philippine Property Awards, presented by the esteemed Asian real estate authority, PropertyGuru.

In a resounding testament to their expertise and dedication to excellence, AIC Economic Estates proudly claimed the coveted title of “Best Industrial Developer” for the third consecutive year. This remarkable three-year winning streak solidifies the company’s status as the industry leader in the development and management of industrial-anchored estates.

Over the past year, AIC Economic Estates has accelerated its growth trajectory. The company unveiled over 240-hectares of industrial expansions and commercial developments across its properties in Batangas and Cebu, diversifying its offerings to cater to a wider range of businesses. At the same time, it aggressively showcased the Philippines as a premier global investment hub, collaborating closely with national government agencies and industry leaders to organize investment roadshows in key markets across Asia.

In an extraordinary debut, West Cebu Estate, acclaimed as the “Shipbuilding Capital of the Philippines,” triumphantly secured the title of “Best Industrial Development in the Philippines.” This recognition underscores the profound economic and societal transformation brought about by West Cebu Estate in Balamban, Cebu, transforming the community from a fourth-class municipality into a vibrant, first-class economic center.

Cyel Auza, Vice President for Cebu Operations, expressed profound gratitude, stating, “This recognition is truly memorable as West Cebu Estate is also celebrating its 30th anniversary this year. We are more inspired to continue pushing boundaries of innovation not only to transform our estate but also to become enablers of progress especially in the countryside, uplifting the communities where we operate.”

Furthermore, AIC Economic Estates’ flagship development, LIMA Estate, once again shined, securing two prestigious awards for the second consecutive year – “Best-Mixed Use Development” and “Best Green Development” in the Philippines.

PropertyGuru also lauded AIC Economic Estates for its steadfast commitment to sustainability, presenting the company with distinguished honors in Sustainable Design and Construction, as well as Environmental, Social, and Governance (ESG) practices. AIC Economic Estates has spearheaded remarkable sustainability initiatives, including harnessing renewable energy sources, decarbonizing its operations through electric vehicles, enhancing walkways and bikeways to promote eco-friendly mobility, and establishing dormitories to curtail carbon emissions arising from employee transportation. These endeavors have been instrumental in minimizing the environmental footprint of diverse industries across their estates in Southern Luzon and Central Visayas.

Clifford Academia, Vice President for Operations at LIMA Estate, underscored the company’s overarching goal to position the Philippines as the pinnacle of investment opportunities in Asia, generating employment opportunities and attracting investments that enrich the lives of countless Filipinos. He stated, “Aboitiz InfraCapital Economic Estates is dedicated to partnering with the government to facilitate foreign investments and create employment opportunities for our fellow countrymen. Spanning 1,400 hectares of industrial land development, with over 200 companies employing 100,000 Filipinos, we extend our gratitude to PropertyGuru for recognizing our endeavors. We remain inspired and resolute in pursuing our vision, committed to fulfilling this mission to the best of our capabilities.”

Aboitiz InfraCapital Economic Estates remains at the forefront of sustainable and smart industrial development in the Philippines, delivering immense value to businesses, communities, and the environment. Their consistent wins at the 11th Philippine Property Awards serves as a resounding declaration of their unwavering commitment to excellence, sustainability, and the continued transformation of the Philippine real estate landscape.


Aboitiz InfraCapital Economic Estates is now set to advance to the 18th PropertyGuru Asia Property Awards Grand Final on Friday, December 8, 2023, in Bangkok, Thailand, where the company will compete for regional honors alongside counterparts from other nations. Building on our success, having clinched the coveted titles of Asia’s Best Industrial Developer and Asia’s Best Industrial Development last year, we now look forward to once again showcasing our commitment to excellence and innovation within the industry as we compete for this year’s accolades.

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