SUNTRUST Properties Inc., a unit of the Andrew Tan-led Megaworld Corp., plans to venture into the industrial estate business by investing P5 billion over eight years to develop a 200-hectare industrial park in Tanza, Cavite.

Harrison Paltongan, Suntrust president, told a press briefing the Ecotown Tanza project will cater to foreign investors, mostly in the electronics and machinery sectors, seeking to expand their facilities in Southeast Asia.