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Philippines
Wednesday, April 16, 2025
28 C
Philippines
Wednesday, April 16, 2025

TARI Estate seen as growth catalyst in Luzon corridor

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TARI Estate, a 384-hectare industrial-anchored mixed-use development in Tarlac province, is set to become a hub for investment, employment and sustainable development in Central Luzon, according to Aboitiz InfraCapital Economic Estates.

Launched in 2024, the estate marks Aboitiz InfraCapital’s first project in the region, building on its experience in Batangas and Cebu.

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The company aims for TARI Estate to replicate the success of its LIMA Estate in Batangas, a 1,000-hectare development housing nearly 250 businesses and employing over 100,000 workers.

Aboitiz InfraCapital signed a preliminary agreement with House of Investments Inc., part of the Yuchengco Group of Companies in October 2024, to expand TARI Estate by 184 hectares through Tarlac Terra Ventures Inc.

Under the agreement, House of Investments will hold a 51-percent stake in Tarlac Terra Ventures Inc., while Aboitiz InfraCapital Economic Estates will have 49 percent. This expansion is part of the overall 384-hectare TARI Estate footprint.

Construction is ongoing for the initial 200-hectare phase, with turnover of the first 85 hectares targeted for the third quarter of 2026. This will allow businesses to begin construction and operations within the estate.

Aboitiz InfraCapital projects TARI Estate will create about 60,000 jobs, boosting Tarlac’s contribution to Central Luzon’s economy.

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