Megaworld wins Fort property for P3.15 B

Andrew Tan’s Megaworld Corp. has bagged the development of the 8.38 hectare North Bonifacio for P3.1511 billion besting Robinsons Land Corporation’s offer of P3.1507 billion, the Bases Conversion Development Corp. (BCDA) announced Wednesday.

BCDA vice-president for business development Aileen Zosa said that Megaworld has to put up P1.062 billion upfront cash to BCDA during the contract signing scheduled for October 8 this year.

“This would contribute to our estimated P3 billion revenue generation this year that would bring to P41 billion total BCDA revenue generation so far,” Zosa said.

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