Remate Express

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BCDA to redevelop Market! Market!

By: Catherine Cueto

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The Bases Conversion and Development Authority (BCDA) is looking to redevelop the Market!Market! area into what can be a mixed-use property in the coming two years, with the disposition of the asset starting in 2025.

This is due to the agency seeking maximum gains.
BCDA president and chief executive officer Joshua Bingcang said that their planned redevelopment is in line with the transit-oriented development of the Bonifacio Global City (BGC).
“Market! Market! land will be up for redevelopment, so it will be a mixed-use. Of course, it is our single last big property in BGC and we want to make sure once we redevelop it we’ll get the maximum value for the property,” he told reporters.
Likewise Bingcang said that the lease arrangement for the land that they entered into with the Ayala Group will end in 2027, and the disposition of the asset will be two years before, in 2025.
Right now it’s with Ayala. Of course, Ayala can still participate in the redevelopment,” he said.
The property is located along the McKinley Parkway in BGC, Taguig, Market! Market!. 

It is operated by Ayala Malls, which is a subsidiary of Ayala Land Inc.