NEWS

By Ed Paolo Salting | The Manila Times | June 25, 2022

(PHOTO: PHILIPPINE INFRASTRUCTURE & CONSTRUCTION CLUB)

CONSTRUCTION company Aboitiz Construction and Infrastructure firm Aboitiz Infracapital have recently disclosed to possible investors and partners their “economic estates” or industrial parks that are being built all over the Philippines.

At the Philippine Infrastructure and Construction Club’s recent luncheon gathering, Aboitiz InfraCapital Inventory Generation Group Vice President Jolan Formalejo shared information on the parks named: Lima Estate in Malvar, Batangas (794 hectares); West Cebu Estate in Balamban, Cebu (540 hectares); and MEZ2 Estate in Lapu-Lapu, Cebu (63 hectares).

After slightly explaining each park, Formalejo then explains how much these business commercial communities have generated for them:

“In all three of these estates, we have 1,100 hectares of industrial business parks being operated; around 90,000 jobs generated across Central Visayas and Southern Luzon; 100,000-square-meter gross living area (GLA) of commercial retail spaces; 60,000 square meters GLA for office buildings; and 200,000 square meters of Philippine Economic Zone Authority (PEZA)-accredited office spaces under planning.”

Afterwards, he explains to investors that Calabarzon or Region 4-A (Cavite, Laguna, Batangas, Rizal and Quezon) will be a hot spot for growth as it is hosting several key aspects of the economy such as industries and high-impact infrastructure projects.

“Batangas, dubbed as Calabarzon’s industrial powerhouse, was the Philippines’ second-richest province in 2020 and right now, PEZA is pushing for the creation of more ecozones here,” Formalejo said.

And lastly, he then gives Lima Estate’s statistics and physical measurements for investors to digest:

“Lima Estate has 794 hectares of industrial estate development, 130 industrial locators, 62,000 employees, 2,500 households, 138 4-star hotel rooms and 167 shops,” Formalejo enumerated. “This property presents a fully integrated industrial-anchored estate, which is composed of manufacturing, office, lifestyle, hospitality, residential and industrial developments. There will also be future developed areas for other businesses as well such as BPOs (business process outsourcing), dormitories, schools and hospitals,” he added.

Source: The Manila Times