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Aboitiz InfraCapital’s LIMA Estate begins 96-hectare industrial expansion, projected to add up to 31,000 jobs

Press Release

May 12, 2023

Considered to be the number one selling and the largest privately-owned industrial-anchored mixed-use estate in the Philippines, LIMA Estate breaks ground on the 4th phase of its industrial expansion to accommodate the demands from manufacturing, logistics, and automotives companies expanding in the economic hub of CALABARZON.

LIPA and MALVAR, Batangas— The year 2022 proved to be a promising one for Region IV-A or CALABARZON, with the Philippine Statistics Authority reporting a positive annual growth rate of 7.8 percent, indicative of the bright prospects for progress and development in the area.

Aboitiz InfraCapital (AIC), the infrastructure arm of the Aboitiz Group, has taken notice of CALABARZON’s immense potential and has established a strong presence in the region through LIMA Estate, an 800-hectare Philippine Economic Zone Authority (PEZA)-registered economic zone widely recognized as one of the best industrial estates in Asia and the largest privately-owned industrial estate in the Philippines. Uniquely designed to revolutionize industrial development in the countryside and foster economic growth, LIMA Estate has been instrumental in CALABARZON emerging as the premier center for industry in the Philippines.

To further solidify its leadership in smart and sustainable industrial-anchored mixed-use development, AIC recently broke ground on a new 96-hectare industrial expansion in LIMA Estate, which is expected to accommodate the increasing number of investors seeking to establish their businesses in the Philippines in the coming years.

“We are very excited for this new phase of our expansion as it is paving the way for further economic growth in CALABARZON and cementing the region’s role as a significant contributor to the national economy. Our expansion of LIMA Estate will create more job opportunities in our communities here and will respond to the increasing demand for industrial spaces in the country,” said Clifford Academia, LIMA Land’s Vice President for Operations, during the groundbreaking ceremony held in Batangas.

The latest expansion is expected to generate up to 31,000 new jobs for Batangueños and residents of nearby provinces once the build-out of new locators is completed.

“Some of our locators have already started constructing their facilities here in LIMA Estate— Aice Brands, El Colono del Oeste, Inc., and Ogura Clutch Philippines, Inc. to name a few. We are proud to work with our locators who help reaffirm that well-managed industrial estates such as our own are the best choice for investors and businesses,” added Jolan Formalejo, Vice President for Inventory Generation of LIMA Land.

AIC’s strategic expansion of LIMA Estate is aligned with the national government’s Philippine Development Plan, which is meant to spur inclusive economic development in the countryside. Most recently, LIMA Estate obtained PEZA proclamation for its previous industrial expansion in Malvar, Batangas which is estimated to bring Php 864 million worth of investments.

From left to right: Roylan Ocampo, LIMA Land Assistant Vice President for Planning and Construction; Levy Agoncillo, Aboitiz Construction Vice President for Business Generation and Technical Services; Sarah dela Fuente, LIMA Land Manager for Project Development and Management; Clifford Academia, LIMA Land Vice President for Operations; Ganyfer Hernandez, Aboitiz Construction Manager for Business Generation; and Jolan Formalejo, LIMA Land Vice President for Inventory Generation

Aboitiz InfraCapital Economic Estates remains steadfast in its dedication to position the Philippines as a premier investment destination in Asia. In pursuit of this goal, the company actively collaborates with local and national government agencies as well as private industry partners, as it aims to create an environment conducive to investment and contribute to the country’s economic growth.

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