Aboitiz Economic Estates and House of Investments have secured clearance from the Philippine Competition Commission for their joint venture covering the expansion of TARI Estate in Tarlac City.
The partnership formalizes the development of a 184-hectare property owned by Tarlac Terra Ventures, Inc., a subsidiary of House of Investments. Under the agreement, HI will hold a 51-percent stake, while Aboitiz Economic Estates will own 49 percent and serve as the exclusive provider of project management, estate operations, and general support services. The expansion will bring TARI Estate’s total footprint to 384 hectares.
Phase 1 of the estate, spanning 90 hectares, is undergoing site development and is slated for completion in the second half of the year. Subsequent phases are being advanced in parallel to fast-track the delivery of key infrastructure in response to investor demand.
The estate is designed to support both immediate and long-term operations, anchored by an internal road network with direct access to Luisita Road. It will offer reliable power and water supply, fiber-enabled telecommunications, and estate-wide utilities. Dedicated offices for the Philippine Economic Zone Authority and the Bureau of Customs are targeted to be operational by the first quarter of 2027 to streamline regulatory and customs processes within the estate.
The expansion is positioned to accommodate light- to medium-scale industries, complementing existing anchor locators Coca-Cola Europacific, Aboitiz Philippines, and Ajinomoto Philippines Corporation. Construction is expected to begin this year, with on-ground activity projected to continue through 2028.
The first phase of TARI Estate is fully sold out, with locators in various stages of development. Phase 2 is drawing interest from both foreign and domestic firms seeking to strengthen supply chains.
Strategically located along major corridors such as the Subic–Clark–Tarlac Expressway, Tarlac–Pangasinan–La Union Expressway, and Central Luzon Link Expressway, and in proximity to Clark International Airport and key seaports, the estate provides access to Luzon’s logistics network.
“We value our partnership with the Aboitiz Group in advancing economic development in Central Luzon. As our first major venture into Economic Estates, we strengthen our position in horizontal property development and broaden our property portfolio. This joint venture supports our dedication to delivering long-term value through flexible, sustainable, and futureproof real estate solutions,” said Lorenzo V. Tan, President and CEO of HI.
“This joint venture is a pivotal step in TARI Estate’s evolution,” said Rafael Fernandez de Mesa, President and CEO of Aboitiz Economic Estates and Aboitiz Land. “With regulatory approval secured, we are accelerating infrastructure delivery, expanding access, and welcoming new locators into a dynamic ecosystem anchored by Coca-Cola Europacific, Aboitiz Philippines, and Ajinomoto Philippines Corporation. Through Tarlac Terra Ventures, we are creating an environment where industries can scale efficiently, investments translate into real progress, jobs are created, and communities benefit from sustainable economic growth.”
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