CONSTRUCTION of the new Philippine Stock Exchange (PSE) building by developer Ayala Land, Inc. and Fort Bonifacio Development Corp. (FBDC) in Bonifacio Global City (BGC), Taguig City is likely to commence next quarter, an executive involved in the project said in a recent interview.
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“Groundbreaking is targeted in the fourth quarter of 2012,” Manny A. Blas II, FBDC commercial operations head, said earlier this week when asked for a timetable for the project’s construction.
He said the project will financed by FBDC, while Ayala Land serves as project development manager. FBDC, a joint venture between Ayala Land and Campos-led Evergreen Holdings, Inc., is the company behind the 240-hectare BGC, which formed part of a former military base until the 1990s, according to the firm’s Web site.
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