Aboitiz Economic Estates and House of Investments (HI) have finalised their joint venture partnership for the continued development of TARI Estate in Tarlac, marking the next phase of expansion for one of Central Luzon’s emerging industrial hubs.
[From left to right] House of Investments COO and CFO Gema O. Cheng, House of Investments President and CEO Lorenzo V. Tan, Aboitiz Economic Estates and Aboitiz Land Chairman of the Board Iker M. Aboitiz, and Aboitiz Economic Estates and Aboitiz Land President and CEO Rafael P. Fernandez de Mesa formalised the definitive agreements for Tarlac Terra Ventures Inc., marking the commencement of the 184-hectare joint venture expansion of TARI Estate.
The definitive agreements establish Tarlac Terra Ventures Inc., a joint venture that will support the development of an additional 184 hectares within TARI Estate, further strengthening the estate’s role within the region’s growing manufacturing and logistics corridor.
The partnership combines Aboitiz Economic Estates’ expertise in industrial estate development and operations with House of Investments’ long-standing investment heritage, providing the capital and institutional support to accelerate the estate’s long-term growth.
“We see TARI Estate as a compelling long-term investment that aligns with our strategy of supporting developments that contribute to economic growth,” said Lorenzo V. Tan, President and CEO of House of Investments. “Through this partnership, we are participating in the creation of an industrial ecosystem that can support manufacturing, logistics, and supply chains for decades to come.”
Rafael Fernandez de Mesa, President and CEO of Aboitiz Land and Aboitiz Economic Estates, emphasized the importance of integrated industrial environments in today’s manufacturing landscape. “Industrial competitiveness increasingly depends on ecosystems rather than standalone sites,” Fernandez de Mesa said. “What we are developing in TARI Estate is a platform where infrastructure, talent, and industry come together to support long-term manufacturing growth. As more companies establish operations here, we expect the estate to become an important node within Central Luzon’s evolving industrial corridor.”
Development Progress Accelerates
Development at TARI Estate is advancing steadily as the estate moves toward locator-ready operations.
The estate’s first 90-hectare phase has already been fully sold, with locators now progressing their facility construction and operational planning. Succeeding phases are advancing in parallel to support increasing market demand for industrial land in Central Luzon.
Critical infrastructure is being delivered across the estate, including internal road networks with direct access to Luisita Road, reliable power and water systems, robust fiber connectivity, and estate-wide utilities designed to support continuous industrial operations.
Facilities of the Philippine Economic Zone Authority (PEZA) and the Bureau of Customs are expected to be operational by the first quarter of 2027, further strengthening the estate’s capacity to support export-oriented manufacturing and logistics activities.
Global Manufacturers Prepare for Operations
Early locator activity is already translating into operational momentum within the estate.
Global manufacturers including Coca-Cola Europacific Aboitiz Philippines and Ajinomoto Philippines Corporation are establishing their respective mega-facilities within TARI Estate and steadily progressing toward operational readiness. Their presence reflects strong confidence in the estate’s strategic location and its ability to support large-scale manufacturing operations serving both domestic and regional markets.
As these anchor locators advance their development plans, additional industry players are evaluating opportunities within the estate, with several companies now in advanced stages of negotiation.
Supply Chains Begin Forming Around Anchor Locators
TARI Estate in Tarlac is rapidly emerging as Central Luzon’s next industrial frontier. As anchor manufacturers establish operations, supporting industries are following, creating a clustering effect that is shaping an integrated ecosystem and supply chain for the benefit of future investors.
As anchor manufacturers establish operations, suppliers, logistics providers, and specialized service companies typically locate closer to production facilities to improve efficiency and reduce operating costs.
This clustering effect is beginning to take shape within TARI Estate, as early locators create opportunities for supporting industries to establish nearby operations. Over time, this dynamic allows industrial estates to evolve into integrated ecosystems where manufacturing, logistics, and services operate within interconnected supply chains.
Building a Future-Ready Industrial Ecosystem
Located within Central Luzon’s emerging industrial corridor and connected to key freeways, airports, and seaports, TARI Estate has been designed as a modern industrial ecosystem capable of supporting a wide range of manufacturing and logistics activities.
The estate integrates industrial land with the infrastructure required for sustained operations. Backed by the integrated power of the Aboitiz Group, it offers dependable utilities, digital connectivity, and transport linkages that connect production facilities to distribution networks across the country.
These foundations enable enterprises to establish facilities with confidence while maintaining the flexibility to expand as operations grow.
Supporting Regional Economic Growth
The economic impact of this development extends far beyond the estate itself. Large-scale industrial environments generate employment, attract supporting investment, and stimulate demand for services ranging from housing and education to logistics and technical training.
Once fully developed, TARI Estate is expected to support more than 60,000 jobs, strengthening economic opportunities in Tarlac Province and across neighboring areas within Central Luzon.
For Aboitiz Economic Estates, the estate forms part of a broader effort to develop integrated industrial environments that combine land development, infrastructure, and utilities within a coordinated platform. The participation of House of Investments reinforces the long-term institutional support behind the project and reflects shared confidence in the estate’s potential to contribute meaningfully to the Philippines’ continuing industrial expansion.
