Philippines-based Aboitiz Equity Ventures property unit Aboitiz Land Inc had purchased the remaining 40% of common shares from Maurbeni, Japanese trading firm, worth 360 million from LiMA Land Inc (LLI). LiMA Land is the company that owns and runs the LiMA Technology Center, the filing detailed from Philippine Stock Exchange. 

The property is locaged in Batanges spaning 485 hectares. The deal makes Aboitiz Land the 100% sole owner of LLI. Recently, the property holding firm took over Alsons Land Corp's 60% holding in the industrial property developer last year, the report explained.

LiMA Technology Center is an industrial park that is registered with the Philippine Economic Zone Authority (PEZA). The park currently employs more than 24,000 workers and hosts 37 locators involved in different manufacturing businesses, Inquirer reported.