LIMA Land, Inc., a wholly owned subsidiary of Aboitiz InfraCapital (AIC)#, and House of Investments (HI), the non-bank holding company of the Yuchengco Group of Companies, have officially entered into a joint venture agreement for the development of a 184-hectare mixed-use property in Tarlac. This collaboration marks a significant expansion of TARI Estate, LIMA Land’s flagship industrial-anchored economic estate in Central Luzon.
The agreement, approved by the Board of Directors of both AIC and HI on August 8, 2025, is a strategic partnership that will nearly double the size of TARI Estate, bringing its total area to 384 hectares. The expanded development will integrate commercial, residential, and institutional zones, complementing the existing industrial core to create a complete and future-ready community for businesses, workers, and residents.
Under the terms of the joint venture, the 184-hectare property, owned by HI subsidiary Tarlac Terra Ventures, Inc. (TTVI), will be developed and managed in partnership with LIMA Land, Inc. HI will hold a 51% stake in the project, with LIMA Land holding 49%. LIMA Land will serve as the exclusive provider of project management, estate operations, and general support services. The venture remains subject to regulatory approvals from the Philippine Competition Commission and the Securities and Exchange Commission.
The expanded TARI Estate will provide strategic access to the Luisita Access Road, a key connector to the Subic-Clark-Tarlac Expressway (SCTEX) and the broader Luzon expressway network, enhancing connectivity and logistical efficiency for all locators. Upon full development, the project is projected to generate more than 60,000 jobs and establish a new center of industrial and commercial growth in Northern and Central Luzon.
“This will be our first major venture into Economic Estates. We look forward to the partnership with AIC, one of the leading industrial estate developers in the country,” said Lorenzo Tan, President and CEO of House of Investments. “This joint venture will be an expansion of HI’s business interests in horizontal property development, diversifying our property portfolio. We aim to provide long-term value through flexible, sustainable, and forward-thinking real estate solutions.”
“This joint venture with House of Investments marks a pivotal step in the evolution of TARI Estate,” said Rafael Fernandez de Mesa, President of LIMA Land, Inc. and Head of Aboitiz InfraCapital Economic Estates.
“What began as a bold vision is now a tangible reality—we’ve sold over 70% of our Phase 1 inventory, secured major locators, and are nearing full completion of initial development. This partnership allows us to scale that momentum, integrating mixed-use components that will further enhance the estate’s ecosystem. Together, we are creating a dynamic platform for inclusive growth—where industries thrive, investments translate into real progress, and communities benefit from long-term economic opportunity.”
TARI Estate, which broke ground in May 2024, has quickly become a leader in the region, with industrial lots in Phase 1 now construction-ready. The estate recently closed a 16-hectare deal with a new locator, building on a successful year that has seen significant transactions and a growing number of investors preparing for construction.
The estate’s strategic location at the intersection of SCTEX, TPLEX, and CLLEX, along with its proximity to Clark International Airport and key seaports, offers unparalleled access to Luzon’s logistics backbone.
