Aboitiz InfraCapital Economic Estates Reports High Demand for LIMA Tower One, Batangas' First Office Building

​Aboitiz InfraCapital Economic Estates continues to pave the road for growth in Southern Luzon with LIMA Tower One, Batangas' first premium office building. This historic project, located strategically within the Biz Hub at LIMA Estate, has swiftly sparked great interest from important industry players, with nearly half of the available space already pre-leased to major IT-BPM companies. This momentum demonstrates Batangas' expanding status as a vital destination for company expansion beyond Metro Manila.

​The high demand for LIMA Tower One reflects a larger trend of decentralization in the Philippines' IT-BPM sector, with Southern Luzon emerging as a hotspot for job growth. The IT-BPM industry in the Philippines is predicted to create 1 million new jobs by 2028, with regional hubs such as Batangas accounting for a large percentage of this increase. Batangas distinguishes itself with its proximity to Metro Manila, a robust 1.3 million-strong workforce, and a critical part in the Luzon Economic Corridor, where it contributes to CALABARZON's remarkable 21% share of the country's GDP.

What sets LIMA Tower One and the broader Biz Hub at LIMA Estate apart from other developments is its unique mixed-use ecosystem. Aboitiz InfraCapital has seamlessly blended industrial, commercial, and lifestyle components into the estate, pioneering a more holistic approach to development in the Philippines. Biz Hub at LIMA Estate is more than just a business address; it is a thriving community with world-class infrastructure, commercial areas like The Outlets at Lipa and LIMA Exchange, and lifestyle amenities such as the Aboitiz Pitch, residential communities, and a diverse range of retail and dining options. This comprehensive strategy demonstrates Aboitiz InfraCapital's dedication to developing sustainable, dynamic communities that improve quality of life.

Batangas is an important player in the Luzon Economic Corridor because of its large infrastructure and closeness to major transportation networks and supply chains. This strategic location makes the province an excellent alternative for industries such as manufacturing, logistics, and IT-BPM. Batangas is well-positioned to dominate Southern Luzon's economic environment, with 60% of the IT-BPM industry's predicted 1 million new jobs coming from locations outside Metro Manila.

The future of LIMA Estate is even brighter. As LIMA Tower One approaches full occupancy, plans for LIMA Tower Two are well underway to accommodate the ongoing demand for premium office space in Batangas. Furthermore, the construction of a new interchange near LIMA Estate, off the STAR Tollway, would greatly improve connectivity, ensuring simple access for both locators and visitors.

Investors are also interested in LIMA Estate's long-term prospects. Commercial lot sales in Biz Hub have been robust, necessitating the release of more inventory to meet the continuing demand. This reinforces LIMA Estate's reputation as a desirable site for companies looking to establish themselves in a complete, forward-thinking corporate ecosystem.

Accenture, a significant participant in the IT-BPM industry, has picked Biz Hub at LIMA Estate for its Batangas satellite office, which will include a soon-to-be-launched coworking space. This innovation cluster is expected to start operations in the fourth quarter of 2024. Accenture's presence at LIMA Estate, which has over 774,000 professionals serving clients in more than 120 countries, demonstrates the estate's appeal as a worldwide business destination. The firm's emphasis on digital transformation, operational efficiency, and flexible work arrangements complements the sustainable, wellness-driven design of Biz Hub at LIMA Estate, resulting in a workplace that satisfies the highest standards.

As Southern Luzon emerges as a prominent business location, LIMA Tower One provides a one-of-a-kind opportunity for businesses to establish themselves in Batangas. With approximately half of the office spaces now pre-leased, LIMA Tower One is set to revolutionize the region's economic environment and solidify Batangas' position as a crucial player in the country's economic advancement.