LIMA ESTATE TO BE CALABARZON’S NEXT LEADING ECONOMIC CENTER
The Aboitiz Group’s Lima Land, Inc. will expand LIMA Estate in Batangas in response to the increasing demand for industrial and commercial spaces in Region IV-A or Calabarzon (Cavite, Laguna, Batangas, Rizal, Quezon). The region is a key industrial corridor and growth center in the Philippines.
Forecasts indicate the expansion will generate up to 20,000 new jobs in Batangas and neighbouring areas. The target for completion of the development is by the third quarter of 2022,
Lima Land will develop over 100 hectares of its existing 700-hectare property in the next two years to accommodate more industrial locators. Additionally, its 30-hectare business district will further be transformed to house new commercial lots. These commercial lots will be firstly for Business Process Outsourcing (BPO) companies & office buildings. Secondly, dormitories & schools. Thirdly, hospitals & civic centres. And finally, hotels and existing components such as The Outlets at Lipa, LIMA Exchange, and LIMA Park Hotel.
“With this expansion, LIMA is well on its way to becoming a full-fledged smart city. A complete ecosystem of infrastructure and the latest digital technology will support the smart city. A smart city in Calabarzon opens up a new wave of opportunities,” said Rafael Fernandez de Mesa, First Vice President of Aboitiz Integrated Economic Centers. “Data will be at the forefront of improved operations across the city,” he added.
“Drawing from the Aboitiz Group’s expertise in estate operations and management, as well as in infrastructure, power, land, and construction. LIMA Estate supports the government’s initiative to spread progress across the country. It also brings a higher standard of development and quality – whether industrial, commercial, or residential – to provincial locations.,” he added.
Thriving amid the pandemic
The entire township anchors around the LIMA Technology Center (LTC). LTC is home to 124 domestic and international locators and about 55,000 employees. The township has evolved from a purely industrial destination into a mixed-use estate. The township promotes the seamless integration of work and life through thoughtfully planned amenity spaces and sustainable infrastructure, as well as complementary commercial and residential components.
Within LIMA Estate is “The Outlets” at Lipa, which hosts retail brands, restaurants, and the athletic stadium Aboitiz Pitch. Residential and lodging options are integrated across the township with LIMA Park Hotel, The Villages at Lipa, and the Campo Verde and Summer Hills subdivisions. The estate also boasts of its own transport terminal in LIMA Exchange, and proximity to schools including Edustria Senior High School by FEU and TIP.
In addition, its location is near the second most important international seaport in Luzon, the port of Batangas. In this harbour, ships receive and discharge cargo between Luzon and the southern Philippines, while also serving as a regional and global hub.
LIMA attracts major Japanese Investors
These features will greatly benefit LTC’s newest set of locators, which include Japanese manufacturer Leading Co. Ltd. (Leaden). Leaden produces wire harness products for construction and industrial machinery, supplying other big companies such as Yamaha and Komatsu. They also operate in the United States and China.
Leaden will begin constructing its facilities in December 2021 and operating by March 2022. Joining an impressive lineup of global companies at LIMA are Epson, JT International, Littlefuse, and Yamaha.
Meanwhile, Philippines TRC Incorporated, an existing locator at LIMA, will also be expanding its facilities next year. TRC is a metal processing (shaft) business focusing on painted products, resin molding, and assembly.
“We are happy to welcome Leaden and the expansion of TRC in LIMA soon. We wish to ensure them the ease of doing business and fully integrated solutions of infrastructure services such as power, water, land, and construction. They are coming at a perfect time as we are on track to complete our expansion plans,” said Eduardo Aboitiz, Vice President for Business Development of the Aboitiz Integrated Economic Centers.
“We have been speaking to several potential locators for all of our Integrated Economic Centers throughout the lockdown, and what makes LIMA a great investment is its existing, fully established ecosystem already in place that’s only poised for further growth,” he continued.
Visit the Aboitiz website for more information on LIMA estate development.
