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Manila Bulletin devider Business devider The Stock Market devider PCC clears massive Yuchengco-Aboitiz industrial hub in Tarlac

PCC clears massive Yuchengco-Aboitiz industrial hub in Tarlac

Published Feb 11, 2026 10:49 am
TARI Estate in Tarlac is fast emerging as Central Luzon’s next industrial frontier. Anchored by Coca-Cola Europacific Aboitiz Philippines and Ajinomoto Philippines Corporation, the 384-hectare special economic zone reflects Aboitiz Economic Estates’ commitment to smart, sustainable, and future-ready industrial development.
TARI Estate in Tarlac is fast emerging as Central Luzon’s next industrial frontier. Anchored by Coca-Cola Europacific Aboitiz Philippines and Ajinomoto Philippines Corporation, the 384-hectare special economic zone reflects Aboitiz Economic Estates’ commitment to smart, sustainable, and future-ready industrial development.
TARI Estate
TARI Estate
TARI Estate is moving toward locator ready operations. Phase 1, covering 90 hectares, is on track for completion within the year, with succeeding phases advancing in parallel to accelerate critical infrastructure: internal roads with direct access to Luisita Road, reliable power and water, robust fiber connectivity, and estate wide utilities designed for continuous industrial performance. With PEZA and Bureau of Customs facilities expected by Q1 2027, TARI is steadily enabling locators to build, operate, and expand with confidence.
TARI Estate is moving toward locator ready operations. Phase 1, covering 90 hectares, is on track for completion within the year, with succeeding phases advancing in parallel to accelerate critical infrastructure: internal roads with direct access to Luisita Road, reliable power and water, robust fiber connectivity, and estate wide utilities designed for continuous industrial performance. With PEZA and Bureau of Customs facilities expected by Q1 2027, TARI is steadily enabling locators to build, operate, and expand with confidence.

The antitrust watchdog Philippine Competition Commission (PCC) has greenlighted the joint venture (JV) between the Yuchengco and Aboitiz families to develop a 184-hectare (ha) industrial park in Tarlac province as an expansion of Lima Land Inc.’s TARI Estate.

With PCC clearance, Yuchengco non-bank holding company House of Investments Inc. (HI) and Aboitiz Group’s Lima Land can now formalize definitive agreements for their JV at TARI Estate, Aboitiz Equity Ventures Inc. (AEV) and HI said in their disclosures to the Philippine Stock Exchange (PSE) on Wednesday, Feb. 11.

The property, owned by HI subsidiary Tarlac Terra Ventures Inc. (TTVI), will be developed in partnership with Lima Land (Aboitiz Economic Estates), with HI holding a 51-percent stake and Aboitiz Economic Estates holding 49 percent.

The Aboitiz firm will serve as the exclusive provider of project management, estate operations, and general support services, expanding TARI Estate to a total of 384 ha.

Aboitiz Economic Estates and Aboitiz Land Inc. President and Chief Executive Officer (CEO) Rafael Fernandez de Mesa said, “This JV is a pivotal step in TARI Estate’s evolution. With regulatory approval secured, we are accelerating infrastructure delivery, expanding access, and welcoming new locators into a dynamic ecosystem anchored by Coca-Cola Europacific Aboitiz Philippines (CCEAP) and Ajinomoto Philippines Corp.”

“Through Tarlac Terra Ventures, we are creating an environment where industries can scale efficiently, investments translate into real progress, jobs are created, and communities benefit from sustainable economic growth.”

“We value our partnership with the Aboitiz Group in advancing economic development in Central Luzon. As our first major venture into economic estates, we strengthen our position in horizontal property development and broaden our property portfolio,” said HI President and CEO Lorenzo V. Tan.

He noted that, “This JV supports our dedication to delivering long-term value through flexible, sustainable, and futureproof real estate solutions.”

Development at TARI Estate continues to advance steadily, with phase one, covering 90 ha, currently undergoing site development and expected to be completed in the second half of the year.

Subsequent phases are progressing in parallel to accelerate the delivery of critical infrastructure and keep the estate aligned with growing investor demand.

Built to support immediate and sustained operations, the estate is anchored by an integrated internal road network with direct access to Luisita Road.

This allows efficient logistics and workforce mobility, alongside dependable power and water supply, robust telecommunications and fiber connectivity, and estate-wide utilities designed for continuous industrial performance.

Dedicated Philippine Economic Zone Authority (PEZA) and Bureau of Customs (BOC) offices, targeted to be operational by the first quarter of 2027, will further streamline regulatory and customs processes on-site, creating a seamless environment where companies can establish, operate, and scale with confidence.

The expansion is designed to support light- to medium-scale industries, widening the estate’s industrial base and complementing the operations of anchor locators CCEAP and Ajinomoto Philippines.

Construction is set to start this year, spurring increased on-the-ground activity through 2028. TARI Estate continues to gain strong momentum, with its first phase fully sold out and its locators now in various stages of development, strengthening the estate’s industrial ecosystem and generating new employment.

“Phase two is attracting growing interest from both foreign and domestic enterprises seeking to strengthen their supply chains,” Aboitiz and HI said.

Strategically positioned along major thoroughfares—including Subic-Clark-Tarlac Expressway (SCTEX), Tarlac-Pangasinan-La Union Expressway (TPLEX), and Central Luzon Link Expressway (CLLEX)—and near Clark International Airport and major seaports, TARI Estate offers locators seamless access to Luzon’s logistics network.

Related Tags

House of Investments Lorenzo Tan Lima Land Aboitiz Economic Estates Rafael Fernandez de Mesa Philippine Competition Commision TARI Estate
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