ABOITIZ InfraCapital, Inc.’s LIMA Estate in Batangas province is targeting to double its land footprint in the next 10 years, a company official said.
Rafael Fernandez De Mesa, LIMA Land, Inc. president, told reporters in an interview on Wednesday that the company is planning to expand from its current 800 hectares in Lipa and Malvar, Batangas.
Mr. De Mesa said the estate’s primary use is for the industrial sector, which he described as a catalyst for what the ecozone is today. The ecozone’s current locators are companies from Japan, the United States, Taiwan, and China, he said. “There are also some Filipino companies,” he added. “We just completed 50 hectares of that [150-hectare expansion],” he said. “In our newest 50-hectare expansion, we’ve begun to sell that already and we already have reservations. And beyond that, the next phase of expansion will start early next year and we’ll begin to open that to the market as well.”“Their real intention is to develop right away.
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