Aboitiz InfraCapital (AIC) is buying 200 hectares of land in Tarlac to develop into an economic estate.
AIC said the latest acquisition, while still subject to closing conditions by its wholly-owned subsidiary LIMA Land Inc. from a wholly-owned subsidiary of Central Azucarera de Tarlac, “will further strengthen Aboitiz InfraCapital’s position as one of the Philippine’s top infrastructure companies and the leader in smart and sustainable industrial development.”
AIC said the acquisition will also boost AIC’s growing portfolio of economic estates, which includes LIMA Estate in Batangas, MEZ2 Estate and West Cebu Estate in Cebu, for a total combined footprint of over 1,600 hectares,.
AIC plans to leverage the property’s strategic location of closely linked to a convergence of major road networks such as SCTEx, TPLEx, CCLEx, and MacArthur Highway.
“Similar to our existing economic estates, the forthcoming Central Luzon estate will also be a smart and sustainable industrial-anchored estate, designed to attract diverse locators from various industries. By combining smart city technology in its facilities, its synergy with the different business sectors of the Aboitiz Group, and a commitment to sustainability, we aim to foster an environment that nurtures business growth and community development,” said Rafael Fernandez de Mesa, head of AIC Economic Estates.
