The Aboitiz and Yuchengco groups have secured their respective boards’ approval for a planned joint venture to significantly expand the TARI Estate in Tarlac by 184 hectares to 384 hectares.

The joint venture agreement is between LIMA Land, Inc., a wholly owned subsidiary of Aboitiz InfraCapital (AIC), the infrastructure arm of the Aboitiz Group, and House of Investments (HI), the non-bank holding company of the Yuchengco Group of Companies.

TARI Estate is LIMA Land’s flagship industrial-anchored economic estate in Central Luzon, said Aboitiz Equity Ventures and HI in their disclosures to the Philippine Stock Exchange.

The joint venture agreement was approved by the Board of Directors of both AIC and HI on August 8, 2025, and is subject to regulatory approvals, including clearance from the Philippine Competition Commission and the Securities and Exchange Commission.

Under the terms of the joint venture, the 184-hectare property owned by HI subsidiary Tarlac Terra Ventures, Inc. (TTVI) will be developed and managed in partnership with LIMA Land, Inc.

HI will hold a 51 percent stake in the project, with LIMA Land holding 49 percent. LIMA Land will serve as the exclusive provider of project management, estate operations, and general support services for the site.

This collaboration expands TARI Estate to a total of 384 hectares, integrating commercial, residential, and institutional zones that will complement its industrial core—creating a complete and future-ready environment for locators, workers, and communities.

The expanded development will also provide strategic access to the Luisita Access Road, a key connector to SCTEX and the broader Luzon expressway network—enhancing connectivity and logistical efficiency for estate locators.

“This will be our first major venture into Economic Estates. We look forward to the partnership with AIC, one of the leading industrial estate developers in the country,” said HI President and CEO Lorenzo Tan.

He added that, “This joint venture will be an expansion of HI’s business interests in horizontal property development, diversifying our property portfolio. We aim to provide long-term value through flexible, sustainable, and forward-thinking real estate solutions.”

“This joint venture with House of Investments marks a pivotal step in the evolution of TARI Estate,” said Rafael Fernandez de Mesa, President of LIMA Land, Inc. and Head of Aboitiz InfraCapital Economic Estates.

He noted that, “What began as a bold vision is now a tangible reality—we’ve sold over 70 percent of our Phase 1 inventory, secured major locators, and are nearing full completion of initial development.

“This partnership allows us to scale that momentum, integrating mixed-use components that will further enhance the estate’s ecosystem. Together, we are creating a dynamic platform for inclusive growth—where industries thrive, investments translate into real progress, and communities benefit from long-term economic opportunity.”

TARI Estate officially broke ground in May 2024 and has rapidly gained traction as the most active and fastest-selling industrial estate in Central Luzon.

It recently closed a 16-hectare deal with a new locator, adding to a series of transactions over the past year, including the turnover of a 42-hectare parcel earlier this year. Multiple investors are now actively preparing for construction.

Strategically located at the intersection of SCTEX, TPLEX, and CLLEX—and in close proximity to Clark International Airport and key seaports—TARI Estate offers unparalleled access to Luzon’s logistics backbone.

Upon full development, the expanded estate is projected to generate over 60,000 jobs and serve as a new center of industrial and commercial growth in Northern and Central Luzon.

Through this joint venture, LIMA Land and House of Investments are reinforcing their shared vision of building transformative infrastructure ecosystems that turn investment potential into real progress—empowering industries, uplifting communities, and enabling a more competitive Philippines.