LIMA Land Inc. and House of Investments have secured clearance from the Philippine Competition Commission (PCC) to form a joint venture for the development of the TARI Estate in Tarlac province.
The approval allows the Aboitiz Group and the Yuchengco Group to develop a 184-hectare property owned by Tarlac Terra Ventures Inc., a subsidiary of House of Investments. The collaboration will expand the total area of TARI Estate to 384 hectares to accommodate light- to medium-scale industries.
Under the agreement, House of Investments will hold a 51-percent stake in the venture. Aboitiz Economic Estates will own the remaining 49 percent and act as the exclusive provider of project management, estate operations and general support services.
Development of the 90-hectare first phase is underway and is scheduled for completion in the second half of 2026. Developers are fast-tracking subsequent phases to meet rising investor demand for infrastructure.
The estate includes an internal road network with direct access to Luisita Road and is equipped with power, water and telecommunications utilities. Dedicated offices for the Philippine Economic Zone Authority and the Bureau of Customs are expected to be operational by the first quarter of 2027.
The project aims to complement existing anchor locators such as Coca-Cola Europacific Aboitiz Philippines and Ajinomoto Philippines Corp. Construction is slated to continue through 2028, which the companies expect will drive employment and local economic activity.
Phase 1 of the estate is already fully sold-out.
House of Investments reported that Phase 2 is attracting interest from local and foreign firms seeking to strengthen supply chains due to the site’s proximity to the Subic-Clark-Tarlac Expressway, Tarlac-Pangasinan-La Union Expressway and Central Luzon Link Expressway.
“We value our partnership with the Aboitiz Group in advancing economic development in Central Luzon,” House of Investments president and chief executive Lorenzo Tan said.
Aboitiz Economic Estates and Aboitiz Land president Rafael Fernandez de Mesa said the partnership would accelerate infrastructure delivery and create an environment where industries can scale and communities benefit from sustained growth.
