Future Dispositions

The priming of BCDA's remaining assets for disposition, coupled with keen investor interest in BCDA properties, strongly projects BCDA as a reliable business development partner. Continued investor confidence in BCDA translates to significant development projects that will help propel the country's economy.

Considered as some of BCDA's milestone achievements for the year are the recovery of the 35.5-hectare JUSMAG area and the reversal of a previous court decision on the ownership of the 47.5-hectare Navy Village in Fort Bonifacio.

BCDA continues to develop and market Heritage Park, a 68.9-hectare multi-use memorial and public park complex at Fort Bonifacio. To lengthen the Park's list of clients, BCDA is seeking reputable brokers for the Heritage Park Investments Certificates (HPICs) in the 55,000 square meter Area 2. Jointly managing the Heritage Park is Rosehills Memorial Management (Philippines), Inc., an affiliate of the US-based Rose Hills-California, for the redesign of the 12-Plot Estates, 5-Plot Walled Estates, 3-Plot Walled Estates, 4-Plot Family Garden Lots, and the 2-Plot Family Garden Lots. The Heritage Park Project remains to be among the last large-scale green open space developments in Metro Manila.

The disposition of the 15-hectare NorthBonifacio lots was rescheduled from June 2006 to 2007. This will give way to BCDA's joint venture planning with Metropolitan Bank and Trust Co, (Metrobank), who owns an adjacent 10.5-hectare area. The master plan was undertaken with the assistance of Hongkong-based Hellmuth, Obata and Kassabaum (HOK) International Ltd. and further added value to the North Bonifacio property with the better configuration of the lot parcels and the more efficient road networks as drawn in the plan.

Expanded Big Delta Lots

Another prime property lined up for disposition under ADP-3 is the 1.2-hectare Expanded Big Delta Lots (formerly the Government Center for Investments). It is located right at the gate of the City Center along 5th Avenue.

Other Metro Baselands

Aside from Fort Bonifacio and Villamor Air Base, planning, preparation and disposition of other BCDA assets such as the 5-hectare Camps Melchor and Atienza, the 6,000 square meter Philippine Navy Headquarters, Fort Abad and Camp Claudio are underway. Disposition of these assets, either through sale, lease or joint venture will assure BCDA of significant revenues and hasten the development of the said properties into new urban growth centers.