BCDA, Ayala Land ink 25-year lease for Camp John Hay TechnoHub

This is AI generated summarization, which may have errors. For context, always refer to the full article.

The TechnoHub, spanning a 12-hectare area, has been instrumental in providing employment to around 3,000 people, mostly BPO workers

BAGUIO CITY, Philippines – The Bases Conversion and Development Authority (BCDA) has formalized a 25-year lease agreement with Ayala Land Incorporated (ALI) for the continued operation of the John Hay TechnoHub, a key mixed-use development within Camp John Hay.

This strategic partnership is anticipated to bolster government revenues and sustain employment opportunities in the region.

Under the terms of the agreement, ALI will maintain its role in managing the TechnoHub, which encompasses Business Process Outsourcing (BPO) offices and retail establishments. This continuity ensures stability for existing businesses and employees while paving the way for broader economic gains.

“This partnership ensures that business continues to thrive smoothly while we build a stronger, brighter future for all,” said BCDA President and CEO Joshua Bingcang. “It reflects the deep trust and confidence that respected companies like Ayala place in government. At BCDA, we are living up to our promise to keep Camp John Hay a place where great things happen.”

The TechnoHub, spanning a 12-hectare area, has been instrumental in providing employment to approximately 3,000 individuals. The new lease agreement is projected to generate around P600 million in revenues for the government, further underscoring the financial benefits of the collaboration.

Ayala Land has played a significant role in shaping the TechnoHub, integrating BPO facilities with retail clusters. The company’s involvement has contributed to the area’s growth as a business and leisure destination, enhancing Baguio City’s economic landscape.

Since regaining control of Camp John Hay in January 2025, following a Supreme Court ruling, BCDA has secured over P1.4 billion in investments through new commercial and residential lease agreements.

The BCDA believes this partnership with Ayala Land is a testament to the strong investor confidence in its stewardship and the potential of Camp John Hay as a hub for sustainable development.

This lease agreement aligns with BCDA’s broader strategy to maximize the utility of existing assets, attract fresh investments, and cultivate a resilient economic ecosystem that benefits the Filipino people. – Rappler.com