THE Bonifacio East Project Joint Venture (BEPJV), composed of Primelux Holdings, the Bases Conversion & Development Authority (BCDA), and the National Housing Authority (NHA), is working with Cushman & Wakefield (C&W) Philippines in marketing their 60-hectare project in Taguig City.
Located south of McKinley Hill, Bonifacio East was master-planned by renowned urban designer Skidmore, Owings & Merril (SOM), and will be home to over 3.3 million square meters of projects including offices, condominiums, retail spaces and accommodations.
The project features green buildings and public spaces, and transit-oriented development.
Owing to its proximity to the Ninoy Aquino International Airport, as well as to other key business districts, Bonifacio East is envisioned to be the next growth center in Metro Manila.
The BEPJV was approved by the Philippine Competition Commission in February 2019. The JV agreement includes leasehold rights for residential projects of 99 years, and 50 years for non-residential projects, renewable for another 25 years.
The project is expected to be completed within the next nine years.
C&W has recently been named the top advisor and consultant in the world, its third consecutive win in the Euromoney Real Estate Survey 2020. C&W Philippines also got the top spot in the country, dominating in the areas of agency sales/letting, valuation, and research.