Joint Redevelopment of the PNOC and DOE BGC Properties
PNOC: The Energy Company
Project Description:
The project involves the joint redevelopment of the PNOC and DOE BGC Properties, also known as Energy Center. It covers the 5.3-Hectare property owned by the PNOC and DOE situated in Bonifacio Global City (BGC) Taguig City.
The private proponent on their proposal offer to redevelop the property into a Mixed-used Township which will be comprised of office buildings, co-living spaces, residential condominiums, integrated retail spaces, and park and open spaces.
Project Objectives:
The private proponent envisioned to feature a mixed-used development which will include office, retail, residential spaces such as condominium units, co-living spaces, and other developments. Highlighting sustainability, the Project will be geared towards sustainable development and shall utilize modern construction techniques and shall make use of energy-efficient features with consideration for the socio-economic and environmental impact. Also, another key feature of the Project according to the Private Proponent is its unparalleled accessibility to all major transports such as the Uptown Bonifacio transportation hub, and Bonifacio Global City – Ortigas Link Bridge, among others.
Private Proponent/ Partner:
Megaworld Corporation
Contractual Arrangement:
Joint Venture
Project Cost (in Billions of Pesos):
PhP 83.2B
Project location (Region, City or Municipality):
PNOC and DOE BGC Properties
Procurement Mode (Solicited or Unsolicited):
Unsolicited
Sector:
Property Development
Plan or investment program alignment:
TBD