Lima Land Inc. will develop over 100 hectares of its existing 700-hectare property in the next two years to accommodate more industrial locators for its Lima Estate where new locators are expected to generate 20,000 jobs in Batangas and neighboring provinces.
In a statement, Lima Land of the Aboitiz Group said the development of the 100 hectares is expected to be completed in the third quarter of 2022.
Additionally, its 30-hectare business district will further be transformed to house new commercial lots, Business Process Outsourcing (BPO) companies, office buildings, dormitories, schools, hospitals, hotels, and civic centers in addition to existing components such as The Outlets at Lipa, LIMA Exchange, and LIMA Park Hotel.
The development is in response to the increasing demand for industrial and commercial spaces in Region IV-A or Calabarzon (Cavite, Laguna, Batangas, Rizal, Quezon), a key industrial corridor and growth center in the Philippines.
“With this expansion, LIMA is well on its way to becoming a smart city, supported by a complete ecosystem of infrastructure and the latest digital technology. A smart city in Calabarzon opens up a new wave of opportunities, with data at the forefront of improved operations across the city,” Rafael Fernandez de Mesa, First Vice President of Aboitiz Integrated Economic Centers said.
“Drawing from the Aboitiz Group’s expertise in estate operations and management, as well as in infrastructure, power, land, and construction, LIMA Estate does not only support the government’s initiative to spread progress across the country. It also brings a higher standard of development and quality – whether industrial, commercial, or residential – to provincial locations,” he added.
The entire township is anchored on LIMA Technology Center (LTC), home to 124 domestic and international locators and about 55,000 employees. From being a purely industrial destination in 2014 when it was acquired by the Aboitiz Group, it has evolved into a mixed-use estate that promotes the seamless integration of work and life through thoughtfully planned amenity spaces and sustainable infrastructure, as well as complementary commercial and residential components.
LIMA Estate will also feature “The Outlets” at Lipa, which hosts retail brands, restaurants, and the athletic stadium Aboitiz Pitch. Residential and lodging options are integrated across the township with LIMA Park Hotel, The Villages at Lipa, and the Campo Verde and Summer Hills subdivisions. The estate also boasts of its own transport terminal in LIMA Exchange, and proximity to schools including Edustria Senior High School by FEU and TIP.
In addition, it is well-located near the second most important international seaport in Luzon, the port of Batangas. In this harbor, ships receive and discharge cargo between Luzon and southern Philippines, while also serving as a regional and global hub.
These features will greatly benefit LTC’s newest set of locators, which include Japanese manufacturer Leading Co. Ltd. (Leaden). Leaden produces wire harness products for construction and industrial machinery, supplying other big companies such as Yamaha and Komatsu. They also operate in the United States and China.
Leaden is set to begin constructing its facilities in December 2021 and operating by March 2022. Joining an impressive lineup of global companies at LIMA are Epson, JT International, Littlefuse, and Yamaha.
Meanwhile, Philippines TRC Incorporated, an existing locator at LIMA, will also be expanding its facilities next year. TRC is a metal processing (shaft) business focusing on painted products, resin molding, and assembly.
“We are happy to be welcoming Leaden and the expansion of TRC in LIMA soon and are committed to ensure them ease of doing business and fully integrated solutions of infrastructure services such as power, water, land, and construction. They are coming at a perfect time as we are on track to complete our expansion plans,” said Eduardo Aboitiz, Vice President for Business Development of the Aboitiz Integrated Economic Centers.
“We have been speaking to several potential locators for all of our Integrated Economic Centers throughout the lockdown, and what makes LIMA a great investment is its existing, fully established ecosystem already in place that’s only poised for further growth,” he said.