Lima Technology Center
{{Short description|Mixed-use development in Batangas, Philippines}}
{{use mdy dates|date=October 2021}}
{{Infobox property development
| development_name = Lima Technology Center
| logo =
| logo_caption =
| image = 9856Lipa City Malvar, Batangas 29.jpg
| image_caption = The Outlets at Lipa
| location = Lipa and Malvar, Batangas, Philippines
| address =
| opening_date =
| developer = Aboitiz Group
| architect =
| operator = Lima Land
| owner = Lima Land
| website =
| pushpin_map = Luzon mainland#Philippines
| pushpin_map_caption = Location in Luzon##Location in the Philippines
| coordinates = {{coord|14|00|51.0|N|121|10|29.8|E|region:PH|display=inline,title}}
| subdivision_name = Philippines
| area_total_ha = 794
}}
The Lima Technology Center (stylized as LIMA Technology Center) is a mixed-use development spanning portions of Lipa and Malvar in Batangas, Philippines. It is recognized as a special economic zone.
History
The Lima Technology Center is a development by Lima Land, Inc. (LLI), a 60-40 joint venture of local firm Alsons Land Inc. and Japanese company Marubeni{{cite news |last1=Rivera |first1=Danessa |title=AboitizLand buys out Marubeni in Batangas-based Lima Land |url=https://www.gmanetwork.com/news/money/companies/349511/aboitizland-buys-out-marubeni-in-batangas-based-lima-land/story/ |access-date=23 October 2021 |work=GMA News |date=21 February 2015 |language=en}} The Alcantara Group originally had the majority stakes in Alsons Land.{{cite news |title=AboitizLand buys out Alcantara Group in Lima Land for P1.36B |url=https://www.gmanetwork.com/news/money/companies/329393/aboitizland-buys-out-alcantara-group-in-lima-land-for-p1-36b/story/ |access-date=23 October 2021 |work=GMA News |date=4 October 2013 |language=en}} "Lima" in its name was derived from the first syllables of Lipa and Malvar, the location of the center.{{cite news |last1=Agbayani |first1=Susan Claire |title=Bees, boats and a volcano |url=https://www.bworldonline.com/bees-boats-and-a-volcano/ |access-date=23 October 2021 |work=BusinessWorld |date=12 November 2015}}
The Aboitiz Group through its subsidiary Aboitiz Land started acquiring LLI in the early 2010s. In 2013, it bought out the Alcantara Group's majority stakes in LLI. At that time the area covers around {{convert|200|ha|acre|abbr=on}}.{{cite news |last1=Abadilla |first1=Emmie |title=Lima Land expansion to generate 20,000 jobs |url=https://mb.com.ph/2021/03/02/lima-land-expansion-to-generate-20000-jobs/ |access-date=23 October 2021 |work=Manila Bulletin |date=2 March 2021}} The following year, it bought the remaining stakes owned by Marubeni making Aboitiz the full owner of LLI.
Under the Aboitiz Group, the Lima Technology Center was further expanded, covering an area of more than {{convert|700|ha|acre|abbr=on}} by 2020. In 2019, Abotiz launched the first residential development within the Lima Technology Center, "The Villages at Lipa".{{cite news |last1=Abad |first1=Roderick |title=AboitizLand rolls out expansion plan in Batangas |url=https://businessmirror.com.ph/2019/07/31/aboitizland-rolls-out-expansion-plan-in-batangas/ |work=BusinessMirror |date=31 July 2019}} By 2021, the group has rebranded the commercial zone of the development as a central business district.
Economy
The Lima Technology Center is primarily an industrial park and is a registered special economic zone with the Philippine Economic Zone Authority. After the Aboitiz Group acquired the development in the 2010s, the area became a mixed-used development. As of 2021 it covers an area of {{convert|794|ha|acre|abbr=on}}.{{cite news |title=Aboitiz-led Lima Land to expand industrial estate in Batangas |url=https://www.bworldonline.com/aboitiz-led-lima-land-to-expand-industrial-estate-in-batangas/ |access-date=23 October 2021 |work=BusinessWorld |date=19 August 2021}} The Aboitiz Group manages the development as one of its Aboitiz Integrated Economic Centers.{{cite news |title=Aboitiz integrated economic centers well-positioned for CREATE |url=https://www.pna.gov.ph/articles/1137559 |access-date=23 October 2021 |work=Philippine News Agency |date=21 April 2021 |language=en}}
The Lima Technology Center contains the Lima Estate.{{cite news |last1=Desiderio |first1=Louella |title=Aboitiz to expand Batangas township |url=https://www.philstar.com/business/2020/12/10/2062639/aboitiz-expand-batangas-township |access-date=23 October 2021 |work=The Philippine Star |date=10 December 2020}} The Lima Technology Center has a commercial area which Aboitiz considers as a central business district (CBD). The CBD covering an area of around {{convert|30|ha|acre|abbr=on}}, hosts The Outlets at Lipa, Lima Exchange, Lima Park Hotel, as well as the Lima Transport Hub {{cite news |last1=Ibañez |first1=Jenina |title=Lima Estate sells commercial lots within CBD |url=https://www.bworldonline.com/lima-estate-sells-commercial-lots-within-cbd/ |access-date=23 October 2021 |work=BusinessWorld |date=19 April 2021}}
As of 2020, the Lima Technology Center has 124 locators, consisting of both local and foreign firms, employing around 55,000 workers.
Sports
The Lima Technology Center hosts the Aboitiz Pitch, a football venue which has held matches of the Philippines Football League.{{cite news |title=U23 football squad polish skills in Lipa |url=https://businessmirror.com.ph/2021/10/22/u23-football-squad-polish-skills-in-lipa/ |access-date=23 October 2021 |work=BusinessMirror |date=22 October 2021}}