LIMA Land Inc., operator of LIMA Technology Center in Lipa-Malvar, Batangas, will develop over 100 hectares of its existing 700-hectare property in the next two years to accommodate more industrial locators.
At the annual Locators’ Appreciation event recently.
Rafael Fernandez de Mesa, first vice president for Aboitiz Integrated Economic Centers, said LIMA Land will also transform its 30-hectare commercial zone into a full-fledged central business district.
This will house business process outsourcing companies, office buildings, housing facilities, schools, hospitals, hotels, and civic centers and will complement existing components such as ‘The Outlets’ at Lipa, LIMA Exchange, and LIMA Park Hotel.
The company said the 100-hectare expansion area is currently under construction and ready to take reservations from new locators.
Upon completion, the expansion is expected to generate up to 20,000 new jobs in Batangas and neighboring areas.
Commercial lots will also be available for sale to the public this March.