Aboitiz InfraCapital (AIC), the infrastructure arm of the Aboitiz Group, recently broke ground on a new 96-hectare industrial expansion in LIMA Estate, which is expected to accommodate the increasing number of investors seeking to establish their businesses in the Philippines in the coming years. LIMA Estate is an 800-hectare Philippine Economic Zone Authority (PEZA)-registered economic zone. Designed to revolutionize industrial development in the countryside, LIMA Estate has been instrumental in CALABARZON emerging as the premier center for industry in the Philippines. The latest expansion is expected to generate up to 31,000 new jobs for Batangueños and residents of nearby provinces once the build-out of new locators is completed. At the groundbreaking were (from left to right): Roylan Ocampo, LIMA Land Assistant Vice President for Planning and Construction; Levy Agoncillo, Aboitiz Construction Vice President for Business Generation and Technical Services; Sarah dela Fuente, LIMA Land Manager for Project Development and Management; Clifford Academia, LIMA Land Vice President for Operations; Ganyfer Hernandez, Aboitiz Construction Manager for Business Generation; and Jolan Formalejo, LIMA Land Vice President for Inventory Generation.
Green developer Arthaland, in partnership with ARCH Capital, is building Eluria, an art-inspired condominium development along Rada Street in Legazpi...Read more