TARI Estate Poised for Growth: Aboitiz Economic Estates and House of Investments Secure PCC Approval for Strategic Expansion
In a significant boost for Central Luzon’s industrial landscape, Aboitiz Economic Estates and House of Investments (HI), the investment arm of the Yuchengco Group of Companies (YGC), have obtained approval from the Philippine Competition Commission (PCC). This clearance paves the way for a key joint venture to develop TARI Estate, transforming it into a 384-hectare powerhouse for sustainable manufacturing.
Aboitiz Economic Estates, operating through its subsidiary LIMA Land, Inc., will collaborate with HI’s Tarlac Terra Ventures, Inc. (TTVI) on an 184-hectare site. Under the agreement, HI takes a 51% majority stake, while Aboitiz Economic Estates holds 49% and assumes responsibility for project management, operational oversight, and comprehensive support services. This partnership effectively doubles the estate’s footprint, positioning TARI as a premier special economic zone anchored by industry leaders Coca-Cola Europacific Aboitiz Philippines and Ajinomoto Philippines Corporation.
Accelerating Infrastructure and Investor Readiness
Construction momentum at TARI Estate is building rapidly. Phase 1, spanning 90 hectares, remains on schedule for completion in the latter half of 2024, with parallel work on subsequent phases to fast-track essential amenities. Key features include a sophisticated internal road system linking directly to Luisita Road for seamless logistics and employee access, alongside reliable utilities such as power, water, high-speed fiber optics, and telecommunications tailored for uninterrupted industrial operations.
By the first quarter of 2027, on-site Philippine Economic Zone Authority (PEZA) and Bureau of Customs facilities will simplify compliance and trade processes, enabling businesses to launch and expand effortlessly. The expansion targets light- to medium-scale industries, diversifying the tenant mix while supporting existing anchors and fueling job creation through 2028.
Phase 1 lots are fully committed, with tenants advancing their build-outs and Phase 2 drawing keen interest from international and local firms aiming to fortify supply chains. TARI’s prime location—proximate to Subic-Clark-Tarlac Expressway (SCTEX), Tarlac-Pangasinan-La Union Expressway (TPLEX), and Cagayan Valley Link Expressway (CLLEX), plus Clark International Airport and key ports—ensures frictionless connectivity across Luzon’s economic hubs.
Leadership Insights on Collaborative Vision
“This alliance with the Aboitiz Group marks a milestone in our push for Central Luzon’s prosperity,” stated Lorenzo V. Tan, President and CEO of HI. “Our debut in economic estates enhances our expertise in large-scale property development and aligns with our focus on resilient, eco-conscious assets that deliver enduring value.”
Rafael Fernandez de Mesa, President and CEO of Aboitiz Economic Estates and Aboitiz Land, echoed the enthusiasm: “Regulatory greenlight in hand, we’re prioritizing infrastructure to draw more enterprises into this vibrant hub led by Coca-Cola Europacific Aboitiz Philippines and Ajinomoto Philippines Corporation. Together with Tarlac Terra Ventures, we’re fostering scalable operations that drive employment, investment returns, and community upliftment.”
This venture underscores both groups’ dedication to crafting resilient industrial parks that bolster regional competitiveness, lure global capital, and spur inclusive growth in Tarlac and beyond. As TARI Estate matures, it promises to redefine Central Luzon as a beacon of innovation and opportunity.