Cebu City, Cebu [05 March 2024] — Aboitiz InfraCapital Economic Estates, a prominent player in smart and sustainable industrial estate development in the Philippines and Asia, announces the successful signing of contracts with two distinguished logistics companies, such as Prestige Warehousing and Logistics (PWL) and JBY Equipment & Impex Logistics Inc, which have chosen to invest in West Cebu Estate in Balamban, Cebu.
Amidst the robust growth of the Philippine economy, the scarcity of industrial space in the Visayas region has become a critical concern for businesses. In addressing this challenge, West Cebu Estate emerges as a prominent solution, serving as a catalyst for industrial development in Cebu. The estate’s recent recognition as the Best Industrial Development in Asia by PropertyGuru in December underscores its commitment to excellence and innovation in the industrial sector, acknowledged by a prominent authority in the regional real estate industry. With its ongoing industrial expansion, robust infrastructure support, and 30-year track record, West Cebu Estate offers businesses a strategic advantage, making it an ideal choice for sustainable growth.
Ms. Merlina Cayanong, President of PWL, and Joseph Beltram Ybanez, President of JBY Equipment & Impex Logistics Inc, represent distinguished Cebuano companies with over two decades of service history. Their significant investments, within the thriving West Cebu Estate, underscore the crucial role of a robust logistics provider in ensuring efficiency and convenience for manufacturing companies in this economic hub.
Foreseeing a positive impact, Ms. Cayanong envisions substantial contributions to the local employment landscape, fostering economic growth in the region. Similarly, Joseph Beltram Ybanez sees his company’s investment as a catalyst for creating new job opportunities within the surrounding communities. Both leaders emphasize the strategic importance of West Cebu Estate, highlighting its pivotal role in propelling economic and social development by generating thousands of jobs for Filipinos.
“Choosing West Cebu Estate was a strategic decision for JBY Equipment & Impex Logistics Inc. The thriving shipbuilding industry and the escalating demand for industrial spaces perfectly align with our vision. By locating our business here, we are not only tapping into a robust market but also positioning ourselves as a vital support system for manufacturing companies seeking efficient logistics services. West Cebu Estate’s dynamic environment provides the ideal backdrop for our operations, allowing us to contribute meaningfully to the region’s industrial growth,” expressed Mr. Ybanez.
The continuous development of the industrial expansion at West Cebu Estate is poised to attract a diverse array of industries, including manufacturing, logistics, automotive, and electronics. This initiative aims to broaden the spectrum of businesses within the Shipbuilding capital of the Philippines.
The industrial inventory release at West Cebu Estate has triggered a surge in investor interest, underlining the scarcity of available inventory in the market. Various entities have swiftly secured their land parcels, and with construction nearing its final stages, Aboitiz InfraCapital Economic Estates anticipates that the limited inventory will be fully exhausted within the next 18 to 24 months.
As the industrial landscape thrives, Aboitiz InfraCapital is proactively laying the foundation for the development of the Estate’s commercial district. The success of West Cebu Estate not only aligns with the ongoing economic growth in the Philippines but also reflects the robust confidence investors place in the strategic vision and capabilities of Aboitiz InfraCapital Economic Estates.
