Aboitiz-Yuchengco JV cleared to expand TARI

Breaking Ground The Future of Aboitiz-Yuchengco JV Cleared to Expand TARI Estate

In a major development, Aboitiz Economic Estates and House of Investments have received regulatory approval from the Philippine Competition Commission (PCC) to expand the TARI Estate in Tarlac. This significant milestone marks the beginning of a new era for the estate, which is poised to become an emerging industrial hub in Central Luzon.

A New Chapter Unfolds

The joint venture plans to develop a 184-hectare property owned by Tarlac Terra Ventures, Inc., expanding the TARI Estate to a total of 384 hectares. House of Investments will hold a 51-percent stake in Tarlac Terra Ventures, while Aboitiz Economic Estates will retain the remaining 49 percent.

Progress and Excitement

Development at TARI Estate is progressing steadily, with Phase 1 covering 90 hectares undergoing site development. The first phase has been fully sold out, with locators in various stages of development. Phase 2 is attracting growing interest from both foreign and domestic enterprises.

Key Features and Benefits

The estate features an integrated internal road network with direct access to Luisita Road, reliable power and water supply, fiber connectivity, and estate-wide utilities designed to support continuous industrial operations. Dedicated PEZA and Bureau of Customs offices within the estate are targeted to be operational by the first quarter of 2027.

Long-term Potential for Growth

The expansion is designed to accommodate light to medium-scale industries, broadening the estate's industrial base and complementing the operations of its anchor locators. Construction is set to begin this year and is expected to drive increased on-ground activity through 2028.

Strategic Location for Logistics and Expansion

TARI Estate offers locators seamless access to Luzon's logistics network, given its strategic location near Central Luzon's major expressways and proximity to Clark International Airport and key seaports. The estate is poised to generate more than 60,000 jobs at full build-out.

Visionary Leadership and Commitment to Sustainability

This joint venture supports our dedication to delivering long-term value through flexible, sustainable, and futureproof real estate solutions, said Lorenzo Tan, president and CEO of House of Investments. Rafael Fernandez de Mesa, president and CEO of Aboitiz Economic Estates and Aboitiz Land, added that the regulatory approval marks a significant milestone for the project.

A New Era of Growth and Development

The TARI Estate expansion is expected to drive economic growth in Central Luzon, creating an environment where industries can scale efficiently, investments translate into real progress, jobs are created, and communities benefit from sustainable development. As we look beyond 2026, the future of Aboitiz-Yuchengco JV's joint venture is bright, with endless possibilities for growth and development.

Conclusion

The TARI Estate expansion marks a significant milestone in the history of the estate, paving the way for long-term growth and development. With its strategic location, integrated infrastructure, and commitment to sustainability, the estate is poised to become an emerging industrial hub in Central Luzon. As we look to the future, it's clear that this joint venture will be a driving force behind economic progress in the region.

Keywords Aboitiz-Yuchengco JV, TARI Estate, Philippine Competition Commission, real estate development, sustainability, logistics, infrastructure, job creation, economic growth.

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