LIMA Estate undergoes constant transformation
LEVERAGING on the anticipated boom of business-process outsourcing (BPO) industry outside the National Capital Region (NCR), Aboitiz-owned LIMA Land Inc. continues to develop its 30-hectare commercial area and the pioneering central business district (CBD) to rise in the province of Batangas, with LIMA Tower One, the first building of its seven-tower office complex, set to break ground later this year.
A recent study by real-estate consulting firm PRIME Philippines revealed that the BPO sector would likely to take up office spaces as they expand outside of the already congested NCR.
With the current pipeline of infrastructure projects boosting interconnectivity between Metro Manila and neighboring areas, PRIME also expects more developers increasing their land banks in key provinces, including Batangas.
“We are excited to get started on our seven-tower office complex, which will further spur muchneeded economic activity and employment opportunities in the countryside post-pandemic. We believe that this is a fitting next step in our expansion, as we seek to drive the growth of Batangas through this world-class development,” said Rafael Fernandez de Mesa, first vice president for Aboitiz Integrated Economic Centers.
LIMA Estate’s 4 hectares of commercial lot inventory are up for grabs. Lot sizes range from 1,800 sq m up to 5,000 sq m, ideal for BPO firms, offices, dormitories, condominiums, schools, hospitals, hotels, civic centers, and other commercial uses.
These establishments will complement existing commercial components in the zone, such as The Outlets at Lipa, LIMA Exchange, LIMA Park Hotel, and LIMA Transport Hub, plus the planned office complex.
As of June 2021, 46 percent of the total commercial lots within the CBD have been sold and investors may start construction by the first quarter of 2022.
LIMA Land is, likewise, developing over 100 hectares of its existing 794-hectare property in the next few months to accommodate more industrial locators.
Targeted for completion by the third quarter of 2022, it is expected to generate up to 20,000 new jobs in Batangas and neighboring areas.
The Estate is highly accessible with direct access to South Luzon Expressway and STAR tollways.
It is an hour-and-a-half away drive from Makati and Ninoy Aquino International Airport, 40 minutes from Alabang, and 30 minutes away from Batangas International Port.
Residential options are integrated across the CBD with The Villages at Lipa, and the Campo Verde and Summer Hills subdivisions.
Educational institutions located within the Estate are Edustria Senior High School by the Far Eastern University and the Technological Institute of the Philippines.
It also boasts of its proximity to 23 universities and colleges, including De La Salle Lipa, Batangas State University, and University of Batangas.
With wide open spaces, greenery, and a safe environment, it is conducive to doing business amid the pandemic and under the new normal.
The development already has world-class infrastructure services in place run by Aboitiz Group affiliates, such as LIMA Enerzone and LIMA Water.
Together with LIMA Land, they are transforming the CBD into a next generation development via upgrades to existing facilities and the use of smart technologies.
LIMA Land is managed by Aboitiz Infracapital Inc. under its Aboitiz Integrated Economic Centers business unit.
Aboitiz is the leading fully integrated economic center developer with a proven track record of over 25 years.
Its other estates include the Mactan Economic Zone II in Lapulapu City, Cebu and West Cebu Industrial Park in Balamban, Cebu.