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LIMA Land, Inc. and House of Investments are entering into a joint venture agreement for the development of a 184-hectare mixed-use property in Tarlac
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The property owned by HI subsidiary Tarlac Terra Ventures, Inc. will be developed and managed in partnership with LIMA Land, which will hold a 49% stake
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The agreement will expand TARI Estate, LIMA Land’s flagship industrial-anchored economic estate in Central Luzon
LIMA Land and House of Investments (HI) are entering into a joint venture agreement to develop a 184-hectare mixed-use property in Tarlac, which will expand industrial development TARI Estate.
The agreement was approved by the Board of Directors of both HI and LIMA Land’s parent firm, Aboitiz InfraCapital Inc. (AIC) on August 8, 2025, and is subject to regulatory approvals, including clearance from the Philippine Competition Commission and the Securities and Exchange Commission, according to a statement.
Under the terms of the joint venture, the 184-hectare property owned by HI subsidiary Tarlac Terra Ventures, Inc. will be developed and managed in partnership with LIMA Land. HI will hold a 51% stake in the project, with LIMA Land holding 49%. LIMA Land will serve as the exclusive provider of project management, estate operations, and general support services for the site.
The collaboration will expand TARI Estate—LIMA Land’s flagship industrial-anchored economic estate in Central Luzon—to a total of 384 hectares, integrating commercial, residential, and institutional zones that will complement its industrial core—creating a complete and future-ready environment for locators, workers, and communities.
The expanded development will also provide strategic access to the Luisita Access Road, a key connector to Subic-Clark-Tarlac Expressway (SCTEX) and the broader Luzon expressway network—enhancing connectivity and logistical efficiency for estate locators.
“This will be our first major venture into Economic Estates. We look forward to the partnership with AIC, one of the leading industrial estate developers in the country,” said Lorenzo Tan, President and CEO of House of Investments. “This joint venture will be an expansion of HI’s business interests in horizontal property development, diversifying our property portfolio. We aim to provide long-term value through flexible, sustainable, and forward-thinking real estate solutions.”
“This joint venture with House of Investments marks a pivotal step in the evolution of TARI Estate,” said Rafael Fernandez de Mesa, president of LIMA Land and head of AIC Economic Estates.
“What began as a bold vision is now a tangible reality—we’ve sold over 70% of our Phase 1 inventory, secured major locators, and are nearing full completion of initial development. This partnership allows us to scale that momentum, integrating mixed-use components that will further enhance the estate’s ecosystem,” he added.
TARI Estate officially broke ground in May 2024 and “has rapidly gained traction as the most active and fastest-selling industrial estate in Central Luzon,” LIMA Land said. It recently closed a 16-hectare deal with a new locator, adding to a series of transactions over the past year, including the turnover of a 42-hectare parcel earlier this year. Multiple investors are now actively preparing for construction.
The estate is strategically located at the intersection of SCTEX, Tarlac-Pangasinan-La Union Expressway, and Central Luzon Link Expressway—and in close proximity to Clark International Airport and key seaports.
Upon full development, the expanded estate is projected to generate over 60,000 jobs and serve as a new center of industrial and commercial growth in Northern and Central Luzon.
READ: TARI Estate in Tarlac designated special economic zone
