Manila: A PHP1-billion modernization program is set to transform Market! Market! at Bonifacio Global City following the signing of an agreement between the Bases Conversion and Development Authority (BCDA) and the Ayala Land Inc.-led Station Square East Commercial Corporation (SSECC).

According to Philippines News Agency, the agreement finalizes a 12-year and seven-month lease extension, aiming to enhance the property's role as an integrated retail and mobility hub. Previously, SSECC was only authorized to operate Market! Market! until June 4, 2027.

Joshua Bingcang, BCDA President and CEO, emphasized that this agreement aligns with the agency's goal to maximize the economic and social value of government assets. "Market! Market! has long served as an accessible bridge connecting everyday Filipinos to the opportunities within BGC. As we integrate major mobility infrastructure such as the Metro Manila Subway into this development, BCDA and Ayala Land are together building a seamless, future-ready urban center that truly serves the public," Bingcang stated.

Meean Dy, SSECC chair and president and CEO of Ayala Land Inc. (ALI), expressed the conglomerate's commitment to rejuvenating and modernizing Market! Market! "For us, renewal does not simply mean building something new. It means looking again at the places we already have, understanding how cities and communities have changed around them and investing in them so they can create even more value for the next generation," she remarked.