The Aboitiz Group’s Lima Land Inc. announced Wednesday the expansion program of Lima Estate in Batangas province to meet the rising demand for industrial and commercial spaces in the Calabarzon region.
Lima Land said it would develop more than 100 hectares from the 700-hectare property in the next two years to accommodate more industrial locators, business process outsourcing companies, office buildings, dormitories, schools, hospitals, hotels and civic centers. Locators in Lima Estate include The Outlets at Lipa, Lima Exchange and Lima Park Hotel.
Lima Estates is anchored on Lima Technology Center— considered to be the largest privately-owned industrial park in the Philippines and home to 124 domestic and international locators and about 55,000 employees.
“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. A smart city in Calabarzon opens up a new wave of opportunities, with data at the forefront of improved operations across the city,” said Aboitiz Integrated Economic Centers first vice president Rafael Fernandez de Mesa.
About 20,000 new jobs will be created for Batangas residents and those from nearby provinces upon completion of the expansion by the third quarter of 2022, he said.
“Drawing from the Aboitiz Group’s expertise in estate operations and management, as well as in infrastructure, power, land, and construction, LIMA Estate does not only support 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,” de Mesa said.
Lima Estate hosts mixed-use estate development that promotes integration of work and life through thoughtfully-planned amenity spaces and sustainable infrastructure and complementary commercial and residential components.
The estate also houses 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.
It has its own transport terminal in Lima Exchange with proximity to schools like Edustria Senior High School by Far Eastern University and Technological Institute of the Philippines. It is situated near the second most important international seaport in Luzon, the port of Batangas.
“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,” said Aboitiz Integrated Economic Centers vice president for business development Eduardo Aboitiz..