Aboitiz, House of Investments expand Tarlac estate with new JV

Aboitiz Equity Ventures Inc., through its industrial estate arm Aboitiz Economic Estates, has finalized a joint venture (JV) with House of Investments to expand the Tari Estate in Tarlac.

This comes as development accelerates in one of Central Luzon’s emerging manufacturing hubs.

In a statement on Thursday, the conglomerate said the two partners signed definitive agreements establishing Tarlac Terra Ventures Inc.

This JV will develop an additional 184 hectares within the Tari Estate—a 384-hectare Philippine Economic Zone Authority (Peza)-registered industrial enclave in Tarlac City.

The partnership combines the industrial estate development expertise of Aboitiz Economic Estates with the investment and institutional backing of House of Investments, a flagship firm of the Yuchengco Group of Companies.

House of Investments president and CEO Lorenzo Tan said the project aligns with the firm’s strategy to support developments that drive long-term economic growth.

“We see Tari Estate as a compelling long-term investment,” Tan said. He noted that the project will help create an industrial ecosystem capable of supporting manufacturing, logistics and supply chains for decades.

Development at the estate is moving forward as demand for industrial land in Central Luzon continues to grow. The first 90-hectare phase has already been fully sold, with locators now building facilities and preparing for operations.

The estate is also building key infrastructure, including internal road networks connected to Luisita Road, power and water systems, fiber connectivity and estate-wide utilities designed to support continuous industrial operations.

Facilities of the Peza and the Bureau of Customs are expected to be operational by the first quarter of 2027. This will further support export-oriented manufacturing and logistics activities.

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Global manufacturers, such as Coca-Cola Europacific Aboitiz Philippines Inc. and Ajinomoto Philippines Corp., are establishing large-scale facilities within the estate and are progressing toward operational readiness.

Their presence is expected to attract suppliers, logistics providers and other supporting industries. It creates a clustering effect that will strengthen the estate’s integrated manufacturing and supply chain ecosystem.

Once fully developed, Tari Estate is projected to generate more than 60,000 jobs, boosting economic activity in Tarlac and neighboring areas in Central Luzon.

For Aboitiz Economic Estates, the expansion forms part of its broader strategy to develop integrated industrial environments that combine land development, infrastructure and utilities within a coordinated platform.