Aboitiz-Yuchengco JV cleared to expand TARI
February 18, 2026
ABOITIZ Economic Estates, the Aboitiz Group’s integrated real estate platform, and the Yuchengco Group of Companies’ House of Investments have received clearance from the Philippine Competition Commission (PCC) to expand at the TARI Estate, a special economic zone in Tarlac.
The PCC clearance paves the way for the formalization of definitive agreements between the parties, Aboitiz Equity Ventures and House of Investments said in separate disclosures on Wednesday.
The joint venture plans to develop a 184-hectare property owned by Tarlac Terra Ventures, Inc., which will expand the TARI Estate to a total of 384 hectares.
House of Investments will hold a 51-percent stake in Tarlac Terra Ventures and Aboitiz Economic Estates the remaining 49 percent, while also serving as the exclusive provider of project management, estate operations and general support services.
TARI Estate, an Aboitiz Economic Estates development, is a special ecozone registered with the Philippine Economic Zone Authority (PEZA) and is said to be an emerging industrial hub in Central Luzon, anchored by Coca-Cola Europacific Aboitiz Philippines and Ajinomoto Philippines Corp.
Development at TARI Estate is advancing steadily, Aboitiz said. Phase 1, covering 90 hectares, is undergoing site development, with completion expected by the second half of this year.
It said the first phase had been “fully sold out,” with locators in various stages of development, while Phase 2 was drawing growing interest from both foreign and domestic enterprises.
The estate features an integrated internal road network with direct access to Luisita Road and affords locators with reliable power and water supply, fiber connectivity, and estate-wide utilities designed to support continuous industrial operations.
Dedicated PEZA and Bureau of Customs offices within the estate are targeted to be operational by the first quarter of 2027 to streamline regulatory and customs processes on site.
Aboitiz said the expansion through the joint venture was designed to accommodate light to medium-scale industries, broadening the estate’s industrial base and complementing the operations of its anchor locators.
Construction is set to begin this year and is expected to drive increased on-ground activity through 2028, it added.
TARI Estate, it continued, offers locators “seamless access” to Luzon’s logistics network, given its strategic location near Central Luzon’s major expressways and its proximity to Clark International Airport and key seaports.
“We value our partnership with the Aboitiz Group in advancing economic development in Central Luzon…. This joint venture supports our dedication to delivering long-term value through flexible, sustainable, and futureproof real estate solutions,” said Lorenzo Tan, president and CEO of House of Investments.
Rafael Fernandez de Mesa, president and CEO of Aboitiz Economic Estates and Aboitiz Land, said the regulatory approval marks a significant milestone for the project.
“With regulatory approval secured, we are accelerating infrastructure delivery, expanding access, and welcoming new locators…. Through Tarlac Terra Ventures, we are creating an environment where industries can scale efficiently, investments translate into real progress, jobs are created, and communities benefit from sustainable economic growth,” he said.
At full build-out, the TARI Estate is projected to generate more than 60,000 jobs, as the development plan includes commercial lots, retail centers, office buildings, residential communities, dormitories, institutional and hospitality zones.
A future transport terminal is also in the blueprint as part of Aboitiz’s vision of creating an integrated industrial and mixed-use environment in the region.
On Wednesday, shares of parent firm Aboitiz Equity Ventures Inc. shed 40 centavos, or 1.18 percent, to P33.60 apiece while House of Investments stocks added six centavos, or 1.22 percent, to close at P4.99 each.