One of the most highly sought-after business and residential addresses in Metro Manila, Bonifacio Global City, a former military camp located in Taguig, was redeveloped in the mid-1990s and is now Metro Manila’s largest and second largest condo and office markets – distinctions that will only get better over the coming years.
What we know as Bonifacio Global City (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 (BCDA) to master-plan and develop BGC. 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.
BGC is now Metro Manila’s largest and second largest condo and office market, respectively. But 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 and Uptown Mall, this business district also boasts many of Metro Manila’s green and sustainable office buildings, many of them LEED, EDGE, and WELL certified – an important consideration for multinationals who want to meet their ESG goals.
Being home to approximately 2.5 million square meters of office space, BGC abounds with a huge selection of office buildings suitable for a wide range of occupiers. Many of these buildings are located along 32nd Street and 5th Avenue, including One World Place, Menarco Tower, Ecoprime Building, Alveo Park Triangle Tower, World Plaza, Seven/NEO, and Arthaland Century Pacific Tower, among many others. Being a truly self-contained mixed-use development, BGC also has plenty of high-end residential condos and commercial establishments like hotels and shopping malls, in addition to medical and educational institutions.
Master-planned and accessible, BGC fast becoming a popular choice among companies for their next business address, thanks in part to its huge selection of green and sustainable office buildings. Like Makati, it offers plenty of office options, ranging from bare-shell and warm-shell office floors well-suited for companies looking for a long-term headquarters, to flexible, fully fitted coworking spaces perfect for firms that are rapidly growing, who are after flexibility and ease-of-use, and are looking for a quick and convenient office solution.
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