Two logistics firms ink deal with Aboitiz InfraCapital
The West Cebu Estate in Balamban, Cebu, has announced the entry of two major logistics companies, further enriching the diverse range of locators within the sprawling Philippine Economic Zone Authority-registered smart industrial estate.
Recently, logistic firms Prestige Warehousing and Logistics (PWL) and JBY Equipment & Impex Logistic Inc., signed contracts with executives of Aboitiz InfraCapital Economic Estates, the developer of West Cebu Estate.
Merlina Cayanong PWL president envisions substantial contributions to the local employment landscape, fostering economic growth in the region.
Similarly, Joseph Beltram Ybanez, president of JBY Equipment & Impex Logistics Inc., sees the president of JBY Equipment & Impex Logistics Inc., that his company’s investment boosts job creation within the industrial estate, thereby benefiting surrounding communities.
Both leaders emphasized the strategic importance of West Cebu Estate, highlighting their crucial role in propelling economic and social development by generating thousands of jobs for Filipinos.
“Choosing West Cebu Estate was a strategic decision for JBY Equipment & Impex Logistics Inc. The thriving shipbuilding industry and the escalating demand for industrial spaces perfectly align with our vision. By locating our business here, we are not only tapping into a robust market but also positioning ourselves as a vital s upport system for manufacturing companies seeking efficient logistics services. West Cebu Estate’s dynamic environment provides the ideal backdrop for our operations, allowing us to contribute meaningfully to the region’s industrial growth,” said Ybanez
The industrial inventory release at West Cebu Estate has triggered a surge in investor interest, underlining the scarcity of available inventory in the market.
Various entities have secured their land parcels, and with construction nearing its final stages, Aboitiz InfraCapital Economic Estates anticipates that the limited inventory will be fully exhausted within the next 18 to 24 months.
The success of West Cebu Estate not only aligns with the ongoing economic growth in the Philippines but also reflects the robust confidence investors place in the strategic vision and capabilities of Aboitiz InfraCapital Economic Estates.
West Cebu Estate hosts a growing number of locators from medium to heavy industries, some of which are the biggest shipbuilding firms in the world like Austal Philippines, Tsuneishi Heavy Industries, and Advance Catamaran Composites.