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 expansion, which is targeted for completion by the third quarter of 2022, is expected to generate up to 20,000 new jobs in Batangas and neighboring areas.
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 be transformed to house new commercial lots, Business Process Outsourcing (BPO) companies, office buildings, dormitories, schools, hospitals, hotels, and civic centers in addition to 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, supported by a complete ecosystem of infrastructure and the latest digital technology,” said Rafael Fernandez de Mesa, first vice president of Aboitiz Integrated Economic Centers.
