Yuchengco and Aboitiz's joint venture accelerates TARI Estate expansion in Tarlac

A future-ready TARI Estate poised to generate over 60,000 jobs and redefine industrial development in Central Luzon.

​LIMA Land, Inc., a wholly owned subsidiary of Aboitiz InfraCapital (AIC), the infrastructure arm of the Aboitiz Group, and House of Investments (HI), the non-bank holding company of the Yuchengco Group of Companies, are entering into a joint venture agreement for the development of a 184-hectare mixed-use property in Tarlac—marking a significant expansion of TARI Estate, LIMA Land’s flagship industrial-anchored economic estate in Central Luzon.

​The agreement was approved by the Board of Directors of both AIC and HI on August 8, 2025, and is subject to regulatory approvals, including clearance from the Philippine Competition Commission and the Securities and Exchange Commission.

Under the terms of the joint venture, the 184-hectare property owned by HI subsidiary Tarlac Terra Ventures, Inc. (TTVI) will be developed and managed in partnership with LIMA Land, Inc. HI will hold a 51% stake in the project, with LIMA Land holding 49%. LIMA Land will serve as the exclusive provider of project management, estate operations, and general support services for the site.

This collaboration expands TARI Estate to a total of 384 hectares, integrating commercial, residential, and institutional zones that will complement its industrial core—creating a complete and future-ready environment for locators, workers, and communities. The expanded development will also provide strategic access to the Luisita Access Road, a key connector to SCTEX and the broader Luzon expressway network—enhancing connectivity and logistical efficiency for estate locators.

“This will be our first major venture into Economic Estates. We look forward to the partnership with AIC, one of the leading industrial estate developers in the country,” said Lorenzo Tan, President and CEO of House of Investments. “This joint venture will be an expansion of HI’s business interests in horizontal property development, diversifying our property portfolio. We aim to provide long-term value through flexible, sustainable, and forward-thinking real estate solutions.”

“This joint venture with House of Investments marks a pivotal step in the evolution of TARI Estate,” said Rafael Fernandez de Mesa, President of LIMA Land, Inc. and Head of Aboitiz InfraCapital Economic Estates. “What began as a bold vision is now a tangible reality—we’ve sold over 70% of our Phase 1 inventory, secured major locators, and are nearing full completion of initial development. This partnership allows us to scale that momentum, integrating mixed-use components that will further enhance the estate’s ecosystem. Together, we are creating a dynamic platform for inclusive growth—where industries thrive, investments translate into real progress, and communities benefit from long-term economic opportunity.”

TARI Estate officially broke ground in May 2024 and has rapidly gained traction as the most active and fastest-selling industrial estate in Central Luzon. It recently closed a 16-hectare deal with a new locator, adding to a series of transactions over the past year, including the turnover of a 42-hectare parcel earlier this year. Multiple investors are now actively preparing for construction.

Strategically located at the intersection of SCTEX, TPLEX, and CLLEX—and in close proximity to Clark International Airport and key seaports—TARI Estate offers unparalleled access to Luzon’s logistics backbone.

Upon full development, the expanded estate is projected to generate over 60,000 jobs and serve as a new center of industrial and commercial growth in Northern and Central Luzon.

Through this joint venture, LIMA Land and House of Investments are reinforcing their shared vision of building transformative infrastructure ecosystems that turn investment potential into real progress—empowering industries, uplifting communities, and enabling a more competitive Philippines.

House of Investments is an investment holding and management company with a diversified portfolio and one of the major flagship corporations of the Yuchengco Group of Companies (YGC). The company undertook a portfolio realignment with a bias for recurring income and growth in 2023. As a result, the core business focus of the company is organized into four segments, namely: Financial Services, Property and Property Services, Education, and Automotive. The Company’s portfolio investments are in Energy, Healthcare, Deathcare, and Construction.

Aboitiz InfraCapital, Inc., the infrastructure arm of the Aboitiz Group, is committed to building transformative infrastructure ecosystems that enable businesses and uplift communities as a catalyst for nationwide economic growth. Its strategic operations span Economic Estates, Water, Digital Infrastructure, and Transport and Mobility.

Aboitiz InfraCapital’s portfolio of Economic Estates includes TARI Estate in Tarlac; LIMA Estate in Batangas; MEZ2 Estate and West Cebu Estate in Cebu. These are supported by the Aboitiz Group’s ecosystem of solutions across energy, water, construction, banking, and land development.

TARI Estate is a 384-hectare PEZA-registered Special Economic Zone in Tarlac City. Designed as Central Luzon’s next industrial growth hub, the estate integrates commercial, residential, institutional, and lifestyle components, enabling 24/7 operations and providing locators with end-to-end development solutions. It is projected to generate over 60,000 jobs upon full development.