Federal Land, Inc. tapped global design firm Hellmuth, Obata & Kassabaum, Inc. (HOK) International Ltd. to complete a master plan to develop the northern part of the Bonifacio Global City in Fort Bonifacio.
In a statement, Federal Land President Alfred Ty said the master plan covering 25 hectares in North Bonifacio is expected to be completed in 15 weeks. It will consist of a 10.4-hectare property owned by the country’s largest lender Metropolitan Bank & Trust Company (Metrobank) and two lots totaling 15.3 hectares of state-owned Bases Conversion and Development Authority (BCDA).
"We are confident that this project will maximize the values of both Metrobank and BCDA properties and ensure the development in North Bonifacio will be aligned with the redesigned concept of the Bonifacio Global City," he added.
Engaging HOK is part of the joint venture between George S.K. Ty-led bank and the BCDA.
Once the master plan is crafted, the BCDA can start the bidding process for its 15.3-hectare properties.
PRIVATIZATION
BCDA Vice-President for Business Development Aileen Zosa said the government is looking at the first quarter of 2007 to bid out and privatize the properties.
HOK International Ltd. provides planning, architecture, interior design, engineering and consulting services in the fields of hospitality, residential, education, health care and corporate facilities. It will be assisted by local planning consultant Environ Systems Groups, Inc. -- Ruby Anne M. Rubio
In a statement, Federal Land President Alfred Ty said the master plan covering 25 hectares in North Bonifacio is expected to be completed in 15 weeks. It will consist of a 10.4-hectare property owned by the country’s largest lender Metropolitan Bank & Trust Company (Metrobank) and two lots totaling 15.3 hectares of state-owned Bases Conversion and Development Authority (BCDA).
"We are confident that this project will maximize the values of both Metrobank and BCDA properties and ensure the development in North Bonifacio will be aligned with the redesigned concept of the Bonifacio Global City," he added.
Engaging HOK is part of the joint venture between George S.K. Ty-led bank and the BCDA.
Once the master plan is crafted, the BCDA can start the bidding process for its 15.3-hectare properties.
PRIVATIZATION
BCDA Vice-President for Business Development Aileen Zosa said the government is looking at the first quarter of 2007 to bid out and privatize the properties.
HOK International Ltd. provides planning, architecture, interior design, engineering and consulting services in the fields of hospitality, residential, education, health care and corporate facilities. It will be assisted by local planning consultant Environ Systems Groups, Inc. -- Ruby Anne M. Rubio
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