The Lima Technology Center (stylized as LIMA Technology Center) is a mixed-use development spanning portions of Lipa and

Malvar Malvar, officially the Municipality of Malvar ( tgl, Bayan ng Malvar), is a 2nd class municipality in the province of Batangas, Philippines. The municipality was named after General Miguel Malvar, one of the last Filipino generals to surrend ...

Batangas Batangas, officially the Province of Batangas ( tl, Lalawigan ng Batangas ), is a province in the Philippines located in the Calabarzon region on Luzon. Its capital is the city of Batangas, and is bordered by the provinces of Cavite and La ...

Philippines The Philippines (; fil, Pilipinas, links=no), officially the Republic of the Philippines ( fil, Republika ng Pilipinas, links=no), * bik, Republika kan Filipinas * ceb, Republika sa Pilipinas * cbk, República de Filipinas * hil, Republ ...

. 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 The Alcantara Group originally had the majority stakes in Alsons Land. "Lima" in its name was derived from the first syllables of Lipa and

, the location of the center. 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 . 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 by 2020. In 2019, Abotiz launched the first residential development within the Lima Technology Center, "The Villages at Lipa". 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 An industrial park (also known as industrial estate, trading estate) is an area zoned and planned for the purpose of industrial development. An industrial park can be thought of as a more "heavyweight" version of a business park or office park ...

and is a registered

special economic zone A special economic zone (SEZ) is an area in which the business and trade laws are different from the rest of the country. SEZs are located within a country's national borders, and their aims include increasing trade balance, employment, increas ...

with the

Philippine Economic Zone Authority Philippine Economic Zone Authority (PEZA) is a government agency in the Philippines attached to the Department of Trade and Industry created to help promote investments in the export-oriented manufacturing industry into the country by assisting ...

. 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 . The Aboitiz Group manages the development as one of its Aboitiz Integrated Economic Centers. The Lima Technology Center contains the Lima Estate. The Lima Technology Center has a commercial area which Aboitiz considers as a central business district (CBD). The CBD covering an area of around , hosts The Outlets at Lipa, Lima Exchange, Lima Park Hotel, as well as the Lima Transport Hub 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 The Aboitiz Pitch at The Outlets is a multi-sport venue in Lipa, Batangas, Philippines . Background The Aboitiz Pitch with a 1,500 seating capacity is part of The Outlets at Lipa retail development of Lima Land Inc., a company under Aboitiz Equit ...

, a football venue which has held matches of the

Philippines Football League The Philippines Football League, commonly known as PFL, is a Filipino professional football league sanctioned by the Philippine Football Federation (PFF). It is the Philippines' highest level of men's club football, supplanting the United Foo ...

References

{{reflist Buildings and structures in Batangas Planned communities in the Philippines Mixed-use developments in the Philippines Industrial parks in the Philippines Buildings and structures in Lipa, Batangas PEZA Special Economic Zones