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Sunday, December 22, 2024

Lima Estate plans expansion to spur S. Luzon’s economy

Lima Estate, a mixed-use development owned by the Aboitiz Group, is strengthening its position as the center of economic and community development in Southern Luzon, with the 40-hectare expansion of its master planned business district.

With a hefty P4-billion investment, this expansion once completed will extend the estate’s Biz Hub to 70 hectares.

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Strategically positioned in Lipa-Malvar, Batangas, LIMA Estate stands as a cornerstone of the Luzon Economic Corridor.

Hosting 180 locators serving as a workplace for 71,000 employees and accommodating over 4,000 households, LIMA Estate is not just expanding physically but also enhancing its capacity to drive economic growth and regional competitiveness.

“Our continuous investment underscores our confidence in Batangas’ potential and our commitment to the region’s prosperity. We are partners in progress, providing world-class facilities to leverage the Philippines’ strengths,” said Rafael Fernandez de Mesa, president of LIMA Land and head of Aboitiz InfraCapital Economic Estates.

Cosette Canilao, president and chief executive of Aboitiz InfraCapital, echoes this sentiment, highlighting their collaboration with the public sector to stimulate inclusive economic growth nationwide.

Holistic ecosystem

At the heart of LIMA Estate’s expansion is Biz Hub, designed not only to meet but also to exceed global standards for integrated business environments. The estate seamlessly integrates cutting-edge industrial facilities with a vibrant office park and a lifestyle hub anchored by The Outlets at Lipa and LIMA Exchange. Green spaces like The Aboitiz Pitch complement this dynamic mix, fostering community engagement and promoting active lifestyles.

LIMA Estate prides itself on robust infrastructure supported by the Aboitiz Group, ensuring reliable access to essential services such as power, water, telecommunications and smart city technology. This foundation not only enhances operational efficiency for businesses but also enriches the living experience for residents, reinforcing LIMA Estate’s appeal as a premier investment and lifestyle destination.

Sustainability

LIMA Estate leads by example in sustainable development, being the Philippines’ first and largest 5-star BERDE-certified estate. Honored with the Smart City Award and accolades for Best Green Development and Best Central Business District, it champions environmental stewardship through renewable energy use, smart water management, extensive green spaces and robust waste management initiatives.

Recognizing the significance of the expansion, Aboitiz Construction plays a pivotal role as the official contractor, ensuring careful execution and local job creation. Antonio Peñalver, executive director of Aboitiz Construction, affirmed the company’s commitment to enhancing the local economy through this partnership.

Way forward

Philippine Economic Zone Authority director general Tereso Panga underscored the Biz Hub’s role as a blueprint for future integrated developments, embodying a self-sustaining township where work, life and leisure converge harmoniously.

As LIMA Estate expands its footprint and influence, it not only solidifies its position as a regional economic powerhouse but also sets a benchmark for sustainable growth and community development in Southern Luzon.

With its transformative vision and unwavering commitment to excellence, LIMA Estate is poised to shape the future of Batangas and beyond, driving progress and prosperity for generations to come.

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