Aboitiz Economic Estates has signed a Contract to Sell with T.E. Realty & Development Company Inc.  (T.E. Realty), the property arm of glass manufacturer T.E. Optoelectronics, for a 9,883-square-meter property within LIMA Estate in Batangas. 

The agreement covers the development of a purpose-built industrial facility, the company’s first property investment in the Philippines, which will be constructed by T.E. Realty and operated by T.E. Optoelectronics to manufacture and supply glass products to locators within the estate and across PEZA-accredited economic zones. Targeted to commence operations in November 2028, the investment reinforces LIMA Estate’s position as a destination for export-oriented manufacturing.

Choosing the Philippines for the Long Term

For T.E. Realty, the decision to invest in the Philippines reflects confidence in the country’s manufacturing growth. Yu-Chen “Steve” Tsou, Foreign Director Representative of T.E. Realty and Factory Manager of T.E. Optoelectronics, cited the country’s young and skilled workforce, established manufacturing base, and supportive investment environment enabled by institutions such as PEZA. He also pointed to the Philippines’ strategic location within Southeast Asia, which positions companies to serve both domestic demand and the wider regional market. Taken together, these factors made the country an attractive destination for long-term industrial investment.

That long-term view is reflected in the structure of the investment itself. Rather than leasing, T.E. Realty has chosen to acquire land and build its own facility in the Philippines, its first property investment in the country, giving it a permanent base from which to supply glass products to nearby manufacturers within LIMA Estate and across PEZA-accredited economic zones. Batangas reinforced the decision, offering proximity to T.E. Realty’s customers, strong logistics access, and a maturing industrial ecosystem. For the company, the move represents a commitment to grow alongside the Philippine manufacturing sector and to scale its operations as demand develops over time.

Securing the Right Industrial Base 

T.E. Realty evaluated several locations based on reliable power and utilities, PEZA registration, access to ports and airports, proximity to customers, and operating security. The company selected LIMA Estate for its established infrastructure, professional estate management, transportation access, and long-term development planning, which aligned with its requirements for operational continuity and future expansion.

Investing in Batangas and Its People

The investment is expected to generate meaningful economic activity in Batangas. T.E. Optoelectronics’ operations are projected to create between 100 and 200 jobs, supported by export activity and the development of local suppliers and service providers. Beyond direct employment, the company intends to participate in community and skills development initiatives in surrounding areas, extending the project’s impact into the communities around it.

For Aboitiz Economic Estates, the investment affirms the value of an integrated industrial ecosystem in supporting that kind of growth. “T.E. Realty’s decision to acquire land and build at LIMA Estate reflects its long-term confidence in Philippine manufacturing,” said Monica Lorenzana Trajano, Vice President for Commercial Strategy at Aboitiz Economic Estates and Aboitiz Land. “LIMA brings together industrial infrastructure, reliable utilities, PEZA support, professional estate management, and proximity to a growing network of manufacturers, enabling locators to establish operations efficiently and scale over time.”

As the facility moves toward development and its targeted 2028 opening, the investment is expected to contribute to employment, export activity, supply-chain development, and continued industrial growth in Batangas.