The strategic partnership will integrate HI’s 184-hectare property into Aboitiz’s TARI Estate, a 200-hectare industrial township in Central Luzon, which will include commercial and residential spaces.
HI will hold 51 percent of the project in the 184-hectare venture while AIC will own a 49 percent stake.
TARI Estate, launched in May 2024, is set to create 60,000 jobs. It is the fourth industrial estate of AIC, the infrastructure arm of the Aboitiz Group, led by CEO Sabin Aboitiz.
Management’s view
“This partnership builds on the strong momentum we’ve already achieved, further enhancing investor interest and confidence in TARI Estate,” said Rafael Fernandez de Mesa, Aboitiz InfraCapital head of economic estates.
“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,” he added.
Yuchengcos diversify into industrial estates
HI, a listed holding company, is led by its chair, Helen Yuchengco-Dee.
“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,” said Lorenzo Tan, president of HI.
“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,” he added.
