Fort Bonifacio (Bonifacio Global City)2/11/2024 Located just 2 kilometers from the Makati CBD via McKinley Road (with only the ultra-exclusive Forbes Park and Dasmari ñ as Village separating them), the district can be easily accessed from C5 Road, EDSA via Kalayaan Flyover, the South Luzon Expressway, and Kalayaan Avenue. What makes BGC such a highly sought-after business and residential address? While we know it as home to such popular leisure establishments as the Bonifacio High Street, Uptown Mall, The Mind Museum, and Market! Market!, the district also boasts many of Metro Manila’s green and sustainable office buildings, some of them LEED certified – an important consideration for multinationals to meet their ESG goals.īGC’s strategic location is also an important draw. BGC is now Metro Manila’s largest and second largest condo and office market, respectively, based on latest Colliers data over 40,000 of Metro Manila’s approximately 142,000 condo stock as of the first quarter of 2022 and 2.5 million square meters of office space. In 2003, Ayala Land and Evergreen Holdings of the Campos Group purchased a controlling stake in BLDC from Metro Pacific, and these entities have overseen the master-planning of the district since then, which has rapidly developed into a full-fledged business district. It was turned over to the Philippine government in 1949, three years after the country’s independence from the United States, and subsequently renamed Fort Bonifacio in 1957 and was made permanent headquarters of the Philippine Army.īut what we know as BGC today started to take shape in 1995 when Bonifacio Land Development Corporation (BLDC), a consortium led by Metro Pacific, became the partner of the Bases Conversion Development Authority to master-plan and develop BGC. Who would have thought that a former military camp would one day become one of Metro Manila’s most important business districts? That is exactly what happened to Bonifacio Global City (BGC), which traces its origins to Fort McKinley, an American military camp established in the early 20th century.
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