Bonifacio Global City Philippines discussion
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Bonifacio Global City Philippines
It caters a very high rise of living
In 1995, Bonifacio Land Development Corporation, a consortium led by Metro Pacific, made a successful bid to become BCDA's partner in the development of Bonifacio Global City. Ayala Land, Inc. and Evergreen Holdings, Inc. of the Campos Group purchased a controlling stake in BLC from Metro Pacific in 2003. BCDA and the two companies now control Fort Bonifacio Development Corporation, which oversees the master planning of Bonifacio Global City.
Bonifacio Global City is now home to upscale residential condominiums such as Essensa, Serendra, Pacific Plaza and Regent Parkway and office buildings such as Net One and Bonifacio Technology Center. Most trendy restaurants, bars, clubs, and retail outlets are located in Bonifacio High Street, Serendra, The Fort Square and Fort Strip. Meanwhile, Bonifacio Stop-over and the Car Plaza cater to motorists. Global City is anchored by a major shopping center, Ayala Land's Market! Market!.
Many corporations have acquired properties and some have committed to relocate their regional or national headquarters, among them are Accenture, The Hongkong and Shanghai Banking Corporation, Deutsche Bank, Lawson Software, Fujitsu Corporation, Hewlett-Packard, Ericsson and TetraPak.
St. Luke's Medical Center and the Taguig Coliseum and Convention Center are among the Global City's anticipated developments. St. Luke's will consist of a 16-storey hospital building with 600 patient beds and an 11-storey medical arts building with 366 doctor's offices. The hospital intends to offer the most advanced medical technology administered by a highly trained staff. Taguig Coliseum and Convention Center, to be built by Northshore Holdings, Inc. and the current Taguig City administration, will be located on a 35,000 square metre site adjacent to Market! Market!. The center will include a hotel, office building, serviced apartments, a shopping center and a food court.
The Shangri-La Hotel Group has recently undertaken the groundbreaking of Shangri-La at the Fort. Scheduled to open in 2012, Shangri-La at the Fort will be a 60-storey tower with 500 guestrooms and 234 apartments. It is situated along Fifth Avenue, and will be sharing the prime block with the new headquarters building and the unified bourse of the Philippine Stock Exchange which is expected to be completed in 2010.
The Embassy of the Republic of Singapore has acquired a property near the Global City's center and will move permanently by 2008.
British School Manila, Manila Japanese School, International School Manila, and Systems Technology Institute, and MGC-New Life Christian Academy - Global City are all located in the University Parkway of Bonifacio Global City. Other educational institutions in the area include the Global City Innovative College, Victory Leadership Institute.
The masterplan of Fort Bonifacio was recently updated to allow efficient traffic management and circulation.