Property dev’t agreement in the works for BGC south

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PHILIPPINE REALTY & Holdings Corp. (PhilRealty) has moved to forge a preliminary deal with its majority investor Greenhills Properties, Inc. to develop the latter’s property in Bonifacio Global City (BGC) into a mixed-use project, PhilRealty said in a disclosure yesterday.

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“In its regular meeting today (Nov. 27), our board of directors approved the signing of a memorandum of agreement with our principal shareholder, Greenhills Properties, whereby the company undertakes to prepare at its sole expense, a master plan for the development of Greenhills Properties’ 6,400-square-meter property at Bonifacio South District, BGC,” the disclosure read.

“The signing of the agreement will take place as soon as we finish evaluation of proposals solicited from local as well as foreign architectural firms. The preparation of the conceptual master plan will take thee to six months, after which our company and Greenhills Properties intend to enter into a definitive joint-venture agreement.”

Taken from:

http://www.bworldonline.com/content.php?section=Corporate&title=Property-dev%E2%80%99t-agreement-in-the-works&id=62157

J.B.M.
Real Estate Broker
PRC Reg. No.: 7396

Member: Philippine Association of Real Estate Boards – City of Taguig Real Estate Board

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Boom town

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Christmas lights sparkling from construction tower cranes adorn the skyline of Bonifacio Global City. The multicolored lights suggest that the Christmas season has arrived.

Taken from:

http://lifestyle.inquirer.net/78009/boom-town

J.B.M.
Real Estate Broker
PRC Reg. No.: 7396

Member: Philippine Association of Real Estate Boards – City of Taguig Real Estate Board

M’Mla property boom, the best in 2 decades

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A view of Bonifacio Global City central business district in Taguig City is seen in this photo taken Nov. 15, 2012. Metro Manila is in the throes of a property boom described as the best in two decades, reflecting the increasing confidence in an economy that only recently began shedding its image as one of the region’s basket cases.

Taken from:

http://www.gmanetwork.com/news/photo/28490/m-mla-property-boom-the-best-in-2-decades

J.B.M.
Real Estate Broker
PRC Reg. No.: 7396

Member: Philippine Association of Real Estate Boards – City of Taguig Real Estate Board

Accenture opens latest facility in Taguig

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BUSINESS CONSULTANCY Accenture, Inc. yesterday opened its latest facility in Taguig City.
The new facility will occupy four floors in the 10-storey Science Hub Tower 1 at McKinley Hill, Taguig City, Accenture Country Managing Director Manolito T. Tayag told reporters yesterday during the inauguration. Two of the floors are already operational.

Mr. Tayag declined to disclose the new facility’s seat capacity, citing “competitive issues.”

Taken from:

http://www.bworldonline.com/content.php?section=Corporate&title=Accenture-opens-latest-facility-in-Taguig&id=62022

J.B.M.
Real Estate Broker
PRC Reg. No.: 7396

Member: Philippine Association of Real Estate Boards – City of Taguig Real Estate Board

Manila rising, so are rents as confidence in Philippines grows

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Nowhere is it more obvious than at Bonifacio Global City, a commercial and residential property development on a portion of land carved out from Manila’s biggest army base.

Originally sold by a cash-strapped government in the mid-1990s, building only got underway in earnest during the last six years after Ayala Land Inc took ownership. Under the Spanish-Filipino business clan that runs Ayala, construction is now going at full tilt.

"Work here is 24 hours," said Renel Reyes, an engineer and property manager overseeing a 30-storey tower due to be completed by the year-end.

Taken from:

http://au.news.yahoo.com/thewest/a/-/world/15478423/manila-rising-so-are-rents-as-confidence-in-philippines-grows/

J.B.M.
Real Estate Broker
PRC Reg. No.: 7396

Member: Philippine Association of Real Estate Boards – City of Taguig Real Estate Board

Passionfest and the Symphony of Lights: A weekend at the Fort

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Once a historic military base, Fort Bonifacio is now a sprawling business district where arts and architecture flourish and runners roam.

The place has long promoted itself as a place for lovers of the arts—and other things—to celebrate their passions, and the campaign has culminated in Bonifacio Global City’s first Passionfest over the weekend before Bonifacio Day.

Late on Friday afternoon, a flash mob danced along to a medley of contemporary pop hits to launch the event.

Fort Bonifacio Development Corporation head of commercial operations Manny Blas II then reminded the gathered crowd of the BGC marketing campaign branding the area the “home of passionate minds” and added, “Conceiving this celebration turned out to be a breeze.” He called the weekend “a delightful [time] full of the things that make us enjoy life.”

http://www.gmanetwork.com/news/story/283773/lifestyle/culture/passionfest-and-the-symphony-of-lights-a-weekend-at-the-fort

J.B.M.
Real Estate Broker
PRC Reg. No.: 7396

Member: Philippine Association of Real Estate Boards – City of Taguig Real Estate Board