Following the recent celebration of its 30th anniversary, Aboitiz InfraCapital’s West Cebu Estate has reached a significant milestone by earning the prestigious title of
“Top Industrial Growth in the Philippines”
The 11th PropertyGuru Philippines Property Awards acknowledged the estate’s commitment to developing Balamban, Cebu into a successful and prosperous economic hub, solidifying its dedication to the cause.
In the last 30 years, West Cebu Estate has become well-known as the top location for shipbuilding in the Philippines and a highly sought-after area for investments. Its success has led to significant development not only in Balamban, but also in surrounding areas such as Toledo and Asturias. Currently, it is focused on expanding its achievements by evolving into a diverse mixed-use estate with an industrial focus, catering to a variety of businesses beyond shipbuilding.
Rafael Fernandez de Mesa, the President of Cebu Industrial Park Developers, Inc. and Head of Aboitiz InfraCapital Economic Estates, expressed his gratitude for the recognition. He stated, “We are grateful to PropertyGuru for acknowledging our efforts in promoting economic, social, and environmental progress not only in Balamban, but also in the Philippines. This achievement would not have been possible without the support of our community and the local and provincial governments in Balamban and Cebu. As leaders in industrial real estate, we have continuously worked towards fostering innovation, advancing industries, and creating new job opportunities, all with the goal of contributing to our nation’s growth and the well-being of our fellow Filipinos.”
The key to the success of West Cebu Estate is its extensive infrastructure, top-quality facilities, and a workforce of 14,000 highly trained Filipinos, creating a favorable business environment. Since 1995, it has drawn PHP 32.46 billion in investments from its 12 tenants.
In order to continue its growth, there are two major changes happening in this 540-hectare Economic Estate that will have a significant impact: an increase in industrial activity and the development of a central business district.
West Cebu Estate is starting a 39-hectare expansion for industrial purposes, which is expected to generate about 14,000 new job opportunities and will double the current number of employees. This project is set to be finished by 2024 and will turn West Cebu Estate into a versatile mixed-use development that caters to different industries such as automotive, manufacturing, and logistics.
Drawing from the established reputation of West Cebu Estate for high quality, a 3.3-hectare central business district is currently in development and planned for release in 2025. This CBD will feature available commercial plots, along with a variety of dining options, retail stores, essential services, a grocery store, and a transportation center, all aimed at improving the well-being of the neighboring communities.
West Cebu Estate has rightfully earned its reputation as the leading industrial development in the Philippines. This achievement is a result of a meticulously crafted master plan that harmoniously integrates two core principles: driving economic progress and safeguarding the environment. In line with its commitment to sustainability, West Cebu Estate is currently in the process of pursuing Philippine Green Building Council’s BERDE-District Registration to ensure that its development and operation align with both local and global sustainability standards.
“Our success story underscores the immense potential that exists within our nation, and we’re excited to continue championing this cause, driving progress, and nurturing the talents of our local workforce. We are determined not only to push the boundaries of innovation as we redefine industrial estates in the Philippines but also to drive progress in the countryside, uplifting the communities where we operate,” stated Cyel Auza, Vice-President for Cebu Operations of Aboitiz InfraCapital Economic Estates.
In the future, Aboitiz InfraCapital Economic Estates plans to continue growing its presence in order to boost economic development, business efficiency, and employment opportunities. This will highlight Cebu as a top choice for industrial development and investing.
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