Aboitiz InfraCapital (AIC), the infrastructure arm of the Aboitiz Group, has teamed up with House of Investments (HI), the non-bank holding company of the Yuchengco Group of Companies, to expand the Tarlac Agro-Industrial and Residential Estate (TARI) in Central Luzon. The strategic partnership will be carried out through Tarlac Terra Ventures, Inc. (TTVI).
The collaboration, pending finalization of the Definitive Agreement and necessary corporate and regulatory approvals, will see the expansion of the existing TARI Estate with the integration of HI’s 184-hectare property. This new addition will introduce mixed-use developments, complementing TARI’s industrial and business components.
TTVI, the real estate company that owns the 184-hectare property, is wholly owned by HI. Under the agreement, HI will retain a 51% stake, while AIC will hold 49%. The partnership aims to develop and market the land for mixed-use purposes, creating a well-rounded community within the expanded TARI Estate. This move aligns with AIC’s vision of establishing a smart, sustainable, and inclusive economic hub in Central Luzon, which will attract both local and international investments.
“This will be our first major venture into Economic Estates. We anticipate with pleasure the partnership with AIC, one of the leading industrial estate developers in the country. This joint venture will be an expansion of HI’s business interests into land development, diversifying our property portfolio. We aim to provide long-term value through flexible, sustainable, and forward-thinking real estate solutions,” said Lorenzo Tan, President of House of Investments.
AIC’s TARI Estate, which broke ground in May 2024, is set to become a key driver of economic growth in the region, with the estate’s initial 200-hectare development expected to generate around 60,000 jobs. The integration of HI’s mixed-use property will broaden the estate’s offerings, enhancing its appeal as a destination for industrial, commercial, and business activities.
“This partnership builds on the strong momentum we’ve already achieved, further enhancing investor interest and confidence in TARI Estate. By leveraging our combined expertise, we are well-positioned to deliver a development that not only addresses the needs of businesses and communities but also strengthens the estate’s status as a premier destination for investment in Central Luzon,” shared Rafael Fernandez de Mesa, Aboitiz InfraCapital Head of Economic Estates.
Strategically located in Central Luzon, TARI Estate benefits from the region’s growing infrastructure network and economic progress. With this partnership, Aboitiz InfraCapital and House of Investments are working together to foster sustainable development and create opportunities that will benefit both businesses and residents in the Philippines.
