Metro Manila (CNN Philippines) — The University of the Philippines opens another campus as it continues its expansion South of Manila.

The University of the Philippines (UP) @Lab Innovation Hub, situated in a shopping district in Alabang, Muntinlupa, was donated by former senator and Vista Land chairman Manny Villar, and Senator Cynthia Villar.

According to a press release, the Villars donated five hectares of land and P300 million worth of buildings and equipment for the creation of the campus.

"The campus complex will be co-developed by UP and Vista Land as part of a donation and development agreement signed last June by university officials and the Villar Family," the press release read.

The new campus will house "two new tech-driven centers for innovation," namely the UP School of Technology Entrepreneurship and the UP Alabang Enterprise Center.

It will be run by the same team behind the Department of Science and Technology and UP's Enterprise Center in Diliman.

"UP @Lab is a dream brought to life by the Villars for UP's student-locators because it brings us closer to accessing industry funding that makes our inventions and ideas a reality," said Luis Sison, director of UP Technology Transfer and Business Development Office.

The innovation hub is equipped with four start-up offices, two meeting rooms and an open workspace area for visiting locators.

The Villars are not the first big names to donate and a significant amount and collaborate with the state university.

In 2016, the SM Investments Corporation donated a nine-level building in Bonifacio Global City (BGC), Taguig to UP which will offer graduate courses, seminars and workshops from the Colleges of Law, Engineering, Business Administration, Architecture and Statistics, among others.

Under the SM name is the largest chain of malls in the Philippines, owned by tycoon Henry Sy, Sr.

On the other hand, AyalaLand leased part of the UP Diliman land to build UP-AyalaLand Technohub, a supposed "integrated community of science-and-technology companies creating a dynamic learning and entrepreneurial laboratory."

Today, it houses business process outsourcing companies and a few food establishments.