West Cebu Estate’s Beginnings
Aboitiz Group sets up a 60% share of Cebu Industrial Park Developers, Inc. (CIPDI).
CIPDI Joint Venture with Aboitiz Group
Cebu Industrial Park Developers, Inc. (CIPDI), a joint venture between the Aboitiz Group through ACOLand and the Tsuneishi Group of Japan, began operations. Its initial project was the 202-hectare West Cebu Industrial Park (now West Cebu Estate) in Balamban, Cebu.
The Launch of ACOLand
Aboitiz consolidated its land and real estate assets under ACOLand. The company was launched as a division of Metaphil, Inc. – the construction arm of the Aboitiz Group and one of the largest industrial contractors in the country.
The Birth of MEZ2
ACOLand partnered with Mactan Cebu International Airport Authority (MCIAA) for the development of Mactan Export Processing Zone 2 (now MEZ2 Estate)
The Evolution of ACOLand to AboitizLand
ACOLand introduced itself as AboitizLand, strengthening Cebu’s major role in the export market with the development of West Cebu Industrial Park (West Cebu Estate) and Mactan Economic Zone 2 (MEZ2 Estate).
The Rise of iMEZ
The iMEZ, a five-storey IT building was launched within Pueblo Verde in MEZ2, Lapu-Lapu City.
AboitizLand Obtains LIMA Land
Industrial park developer LIMA Land, Inc. is acquired by AboitizLand.
First Retail Outlet in VisMin
Within MEZ2, The Outlets at Pueblo Verde opened as the first outlet retail shopping destination in the VisMin region, offering global brands at a discount.
The Expansion of LIMA Technology Center
LIMA Land expands LIMA Technology Center into a 485-hectare industrial park located in Lipa-Malvar, Batangas, signifying Aboitiz’ entry into the national real estate scene.
The Largest Outlet Mall and Football Field
Rising within LIMA, The Outlets at Lipa opened as the largest outlet mall destination in Luzon. It is where you will also find the Aboitiz Pitch, the largest artificial turf field in Luzon with a massive total playing surface of 106 x 92 meters.
LIMA Exchange and The Villages at Lipa
The Villages at Lipa and LIMA Exchange were launched within the LIMA Estate.
The Emergence of Aboitiz InfraCapital
To strengthen Aboitiz Group’s approach to expanding various businesses around existing resources and harnessing inherent synergies, the Industrial and Commercial business units of AboitizLand strategically transferred to Aboitiz InfraCapital.
LIMA CBD Emerges
LIMA began the 104-hectare expansion of LIMA Estate for additional industrial lot inventory and the transformation of its 30-hectare central business district.
Introduction of Commercial Lots at LIMA Estate
LIMA Land started offering four hectares of its commercial lot inventory within LIMA CBD, presenting a unique opportunity for investors who wish to locate in Batangas.
West Cebu Estate broke ground on a 39-hectare industrial expansion
With the development of 39 hectares of the 540-hectare estate, the expansion is expected to generate an additional 14,000 jobs upon its completion by 2024, and will include the diversification of WCE’s locator mix to include light to medium manufacturing.
LIMA Estate breaks ground on 57-hectare industrial expansion
The 57-hectare industrial expansion will generate additional 22,000 jobs for Batangueños.
LIMA Estate received a 5-Star BERDE-District Certification
LIMA Estate is the Philippines’ first industrial estate to be awarded the 5-Star BERDE District certification by the Philippine Green Building Council.
Aboitiz InfraCapital Economic Estates recognized as Asia's Best Industrial Developer
PropertyGuru awarded Aboitiz InfraCapital Economic Estates with a “Best Industrial Developer in Asia” award at the 2022 Asia Property Awards. Two distinctions were also given to LIMA Estate, namely “Best Industrial Development in Asia” and “Best Green Development in Asia” awards– recognizing the company's excellence and efforts in pushing forward sustainability in its developments.
LIMA Tower One tops off in LIMA Central Business District
LIMA Tower One, the first of the 7 towers in LIMA Office Park, is meant to cater to BPO and IT companies looking to expand outside the metro and maximize the abundant talent pool in the region. Set for completion by the 2nd quarter of 2024, LIMA Tower One is expected to generate additional 3,000 jobs for Batangueños.
LIMA Estate breaks ground on 1st Co-Living space
The Pods at LIMA is a 600-bed facility aimed to provide more housing options within the boundaries of LIMA Estate, primarily those that work within the Estate.
LIMA broke ground on a 96-hectare industrial expansion
LIMA Estate broke ground on the 4th phase of its industrial expansion to accommodate the demands from manufacturing, logistics, and automotives companies expanding in the economic hub of CALABARZON.
West Cebu Estate celebrates 30th Anniversary
What began as a joint venture between the Aboitiz Group and Tsuneishi Holdings of Japan in 1993 has evolved into a sprawling 540-hectare industrial-anchored mixed-use Economic Estate, now known as the Shipbuilding Capital of the Philippines.
AIC Economic Estates unveiled a smart & green transportation system in LIMA
Aboitiz InfraCapital Economic Estatesunveiled an ambitious initiative known as RED within its flagship project, LIMA Estate in Batangas. This groundbreaking program marks a significant milestone in the country's industrial development, focusing on decarbonization through an intra-estate transportation system while harnessing the power of smart technology and data science to optimize operations.
