| Fort Bonifacio is just one of the many financial | | | | many of the country's top captive BPO |
| districts flourishing in the Philippines. From an old | | | | companies, such as HSBC, Deutsche Bank and JP |
| army post to a thriving potential financial capital, | | | | Morgan Chase, has recently declined in rental rates |
| the Fort is proving its worth as a pot of gold for | | | | for prime office space, suffering a drastic |
| the local real estate market. As business prospers | | | | decrease of around 35% in the last quarter of |
| in the area, luxury residences and office buildings | | | | 2009. In contrast, Fort Bonifacio's rental rates |
| are rising up from the fields and empty lots. Real | | | | have only decreased by 17%. The Fort is |
| estate developers and brokers are also expanding | | | | currently the best alternative to Makati CBD in |
| operations in the district to provide for the | | | | terms of real estate and office spaces. |
| increasing housing demand. This has created an | | | | Future plans for Fort Bonifacio include the |
| unprecedented boom for the Philippine real estate | | | | establishment of the country's tallest buliding, |
| industry, as more and more foreign investors | | | | which is set to beat out the current title holder: |
| inject capital into Fort Bonifacio and the | | | | Makati's 52-story PBCom Tower. Federal Land will |
| surrounding vicinity. | | | | construct the 66-storey skyscraper at the heart |
| Fort Bonifacio, formerly known as Fort McKinley, | | | | of the Fort. It's first 25 floors will be occupied by |
| is a 25.78 square kilometer historical landmark with | | | | the Grand Hyatt Hotel. Condominiums in the Fort |
| a colorful past. Unlike today, Fort Bonifacio used | | | | are also competing in number against Makati's |
| to be home to the Armed Forces of the | | | | prime units. |
| Philippines, and was a barren piece of land. | | | | According to Michael McCullough, Director of |
| Establishing malls and highrise buildings may seem | | | | Makati-based real estate brokerage company |
| ironic due to its proximity to the Libingan ng mga | | | | KMC-MAG Group, "Real-estate in Fort Bonifacio |
| Bayani and the Manila American Cemetery. | | | | has already seen an increase of demand since the |
| Despite this, its distance between Makati CBD and | | | | first quarter of 2010. Prices are already |
| Ortigas has made it a top choice for real estate | | | | comparable to real-estate in Makati, with buildings |
| investors and clients. | | | | primarily catered toward the growing BPO |
| In 2009, Fort Bonifacio recorded the largest | | | | industry. First-class rental and selling rates, new |
| number of new office space occupied- around | | | | facilities and prime locationing mean that more |
| 62,000 square meters. Despite the Global | | | | BPO companies will be looking to make long term |
| Economic Crisis, the Fort is still thriving at | | | | real-estate investments in the Fort as the district |
| establishing businesses in the area and | | | | continues to thrive." |
| constructing infrastructure. Two Serendra is under | | | | KMC-MAG Group is a brokerage company that |
| construction, Shangri-La has started breaking | | | | assists clients interested in establishing business in |
| ground, St. Luke's Medical Center has even | | | | The Fort, and other business districts in the |
| established a Global City branch, and BPO | | | | Philippines. They also provide top-notch service to |
| companies are continuing to expand in the district. | | | | clients in need of office or residential space. |
| Investing in real estate is considered the best | | | | Whether for rent, lease or sale, KMC and it's |
| option for those who wish to live in a continually | | | | experienced team of brokers will guide you along |
| expanding Fort Bonifacio. | | | | the way. |
| The Makati Central Business District, home to | | | | |