BCDA eyes P3B-P4B from sale of Ft Boni properties next year

The Bases Conversion and Development Authority (BCDA) is hoping to raise between P3 billion and P4 billion next year from the sale of two more prime properties in Fort Bonifacio.

Among the reported interested bidders are Ayala Land Inc., SM, Robinsons Land, Megaworld and Fort Bonifacio Corp.

According to BCDA vice president for corporate planning and business development Aileen Zosa, the two lots are located north of S&R Price Mart, near the Fort Bonifacio Gate 1 along JP Rizal avenue.

The neighboring lot is a 10.5-hectare area owned by Metro Bank.

Zosa said that the two lots are the only remaining big block of lots within Bonifacio Global City.

Thus, prime developers are really interested in bidding for the properties.

"For those developers who have not bought or developed lots in the Global City, this is their last chance to penetrate the market," Zosa said.

Both lots are near the institutional area which is comprised, among others, of the Manila-Japanese School, International School and the British School.

Zosa added that a mixed-use development would be able to take advantage of the amenities and facilities provided by the schools.

Both lots are also near the proposed St. Lukes Hospital.