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| LIMA Tower One, the first premium office building in Batangas situated at the Biz Hub at LIMA Estate in the boundaries of Lipa City and the municipality of Malvar (Image Source: Business Mirror/Aboitiz InfraCapital) |
Aboitiz InfraCapital Economic Estates continues to pave the way for growth in Southern Luzon with LIMA Tower One, the first premium office building in Batangas. Strategically situated within the Biz Hub at LIMA Estate in the boundaries of the city of Lipa and the municipality of Malvar, this landmark project has quickly attracted strong interest from key industry players, with nearly half of the available space pre-leased to major IT-BPM companies. This momentum underscores the growing reputation of Batangas as a key destination for business expansion beyond Metro Manila.
The strong demand for LIMA Tower One reflects the larger trend of decentralization in the Philippines IT-BPM sector with Southern Luzon emerging as a prime location for job creation. The Philippines’ IT-BPM industry is expected to generate 1 million new jobs by 2028, and regional hubs like Batangas are set to capture a significant portion of this growth. Batangas itself stands out due to its proximity to Metro Manila, a robust 1.3 million-strong workforce, and a pivotal role in the Luzon Economic Corridor where it contributes to CALABARZON’s impressive 21% share of the country’s economic output. What sets LIMA Tower One and the broader Biz Hub at LIMA Estate apart from other developments is its unique mixed-use ecosystem. Aboitiz InfraCapital has seamlessly integrated industrial, commercial, and lifestyle components within the estate, pioneering a holistic approach to development in the Philippines. Beyond being a business address, Biz Hub at LIMA Estate creates a thriving community complete with world-class infrastructure, commercial areas like The Outlets at Lipa and LIMA Exchange, and lifestyle amenities including the Aboitiz Pitch, residential communities, and a wide array of retail and dining options. This integrated approach underscores Aboitiz InfraCapital’s commitment to building sustainable, vibrant communities that enhance quality of life.
Batangas plays a key role in the Luzon Economic Corridor, benefiting from extensive infrastructure and proximity to major transport networks and supply chains. This strategic location makes the province a prime choice for industries like manufacturing, logistics, and IT-BPM. With 60% of the IT-BPM industry’s projected 1 million new jobs expected to come from areas outside Metro Manila, Batangas is positioned to lead in Southern Luzon’s business landscape. The future for LIMA Estate looks even brighter. As LIMA Tower One nears full occupancy, plans for LIMA Tower Two are already in motion to meet the continued demand for premium office space in Batangas. Furthermore, the development of a new interchange near LIMA Estate, off the STAR Tollway will significantly enhance connectivity, ensuring easy access for locators and visitors alike. Investors are also taking notice of the long-term potential at LIMA Estate. Commercial lot sales within Biz Hub have been brisk, prompting the release of additional inventory to accommodate the sustained interest. This underscores LIMA Estate’s status as a sought-after location for businesses seeking to establish themselves in a comprehensive, forward-thinking business ecosystem.
Accenture, a major player in the Philippine IT-BPM industry, has chosen Biz Hub at LIMA Estate for its satellite office in Batangas which will include a soon-to-launch co-working space. This hub of innovation is expected to begin operations by Q4 2024. With over 774,000 professionals serving clients in more than 120 countries, Accenture’s presence at LIMA Estate underscores the estate’s appeal as a destination for global businesses. The firm’s focus on digital transformation, operational efficiency, and flexible work arrangements aligns perfectly with the sustainable, wellness-driven design of Biz Hub at LIMA Estate, ensuring a workplace that meets the highest standards. As Southern Luzon continues to emerge as a prime business destination, LIMA Tower One offers a unique opportunity for companies to become part of Batangas’ premier business address. With nearly half of the office spaces already pre-leased, LIMA Tower One is poised to transform the region’s economic landscape and further establish Batangas as a key player in the country’s economic progress.
For leasing inquiries or more information about LIMA Tower One, contact Aboitiz InfraCapital Economic Estates via sales.leasing@aboitiz.com or visit their website at www.aboitizeconomicestates.com.
