Aboitiz InfraCapital Corp., the infrastructure arm of the Aboitiz Group, broke ground on the 57-hectare industrial expansion of the Lima Estate in Batangas province.
The expansion will host new locators and create an additional 22,000 jobs for the surrounding communities in the Lipa-Malvar industrial corridor, it said.
The development is a part of the larger 150-hectare expansion to bring new inventory to market for new locators in South Luzon, which will be executed by Aboitiz Construction.
“As we continue to welcome new locators and businesses to Lima, there will be continuous transformation of the Estate, through the introduction of new product lines, smart city features, and sustainability initiatives—all meant to cater to increasingly discerning and sophisticated businesses, while also raising the standard of development in the countryside,” Lima Land Inc. president and AIC Economic Estates head Rafael Fernandez de Mesa said.
De Mesa said the estate has more than doubled its size to nearly 1,000 hectares since it was acquired by Aboitiz in 2013—opening the area to new investments and more job opportunities.
He also shared the upcoming development of the PEZA-registered Lima Tower One which is in the process of acquiring BERDE-accreditation, along with the Lima Estate’s partnership with the Philippine Green Building Council to participate in a pilot program for District Certification.
AIC president and chief executive Cosette Canilao expressed optimism in harnessing the strategic location of the Lima Estate.
“This expansion is envisioned to support and enable international and domestic enterprises who would like to locate or expand in South Luzon. I am confident that soon, Lima will be widely recognized as an economic hub and center of progress in the region, uplifting the lives of thousands and thousands of Filipinos,” Canilao said.
Lima is a mixed-use development hosting 130 locators, 167 retail stores and restaurants, the 138-room 4-star Lima Park Hotel, the Lima Transport Hub and over 2,000 households.