ALLHC expands Cavite, Batangas industrial parks
AyalaLand Logistics Holdings Corp. (ALLHC) is expanding its industrial parks in Cavite and Batangas as various industries flock to Southern Luzon for investment opportunities.
The operator of industrial parks and logistics facilities under Ayala Land Inc. on Thursday said it would build a 20.2-hectare Phase 2B for the Cavite Technopark in Naic.
This new space is set to offer 14 non-Peza (Philippine Economic Zone Authority) industrial lots. Land development is slated for completion by the fourth quarter of next year.
Currently spanning 183.6 ha, Cavite Technopark houses two ALogis warehouse complexes. Its first phase is registered with the Peza. This means locators enjoy fiscal incentives.
At the same time, Batangas Technopark in Padre Garcia will have a second phase, which will add 20.6 hectares and 38 industrial lots.
This will expand the facility’s total park area to 75.6 ha. Completion of land development scheduled in the third quarter of next year.
Its first phase currently features a mixed-use development with a “bagsakan” center, retail outlets and a fuel station.
“These expansions represent ALLHC’s commitment to support economic progress across the region,” ALLHC president and CEO Robert Lao said in a statement.
“By opening new phases in Cavite and Batangas Technoparks, we are creating more opportunities for enterprises to set up operations, generate employment and contribute to local and national growth,” Lao said.
Real estate broker Colliers Philippines earlier reported that companies focused on semiconductors, consumer goods, cosmetics and cars would likely be the main demand drivers of industrial lots in the second semester.
Colliers said that apart from Central Luzon, Southern Luzon was also emerging as an attractive industrial hub for investors.
The vacancy rate in the region rose to 16.9 percent in the first half from 14.3 percent in the same period last year. Colliers noted that developers needed to offer “more options and opportunities” for potential locators.
These include providing more attractive land leasehold and lease rates.
Colliers also recommended that developers explore “sunrise industries” such as electric vehicles, which is gradually becoming a new priority for the national government.
