PRESIDENT Rodrigo R. Duterte issued proclamation designating as a special economic zone a building at the Bonifacio Global City in Taguig City, which will be known as BGC Corporate Center.
The site was classified as an Information Technology Center.
The proclamation signals movement in the ecozone approval process for the information technology industry, which the Philippine Economic Zone Authority said last week had about 22 pending proclamations from the Office of the President.
Mr. Duterte signed on June 26 Proclamation No. 759, known as “Creating and designating a building and the parcel of land upon which it stands, located at Block 1, 30th Street, Corner 5th Avenue, Bonifacio Global City, Taguig City, as a Special Economic Zone (Information Technology Center), pursuant to Republic Act No. 7916, as amended by Republic Act No. 8748.”
Mr. Duterte signed the proclamation “upon the recommendation” of the Board of Directors of the Philippine Economic Zone Authority (PEZA).
The building has a gross floor area of 35,439.29 square meters. The land where the building stands has an area of 2,149 square meters.
The project’s developer was Ayala Land Inc.
“This office tower is bound by two main roads, 11th Avenue and 30th Street and within close proximity to Ayala Land Premier’s residential condominium One Serendra, Ayala Land’s Seda hotel and steps away from Bonifacio High Street. With a Gross Leasable Area of 28,000 square meters, [the building] is set to capture the increasing demand for office space in Bonifacio Global City,” Ayala Land said. — Arjay L. Balinbin