TAGUIG CITY — Market! Market! will remain in operation until January 2040 after the Bases Conversion and Development Authority extended the lease of Ayala Land-led Station Square East Commercial Corporation. The 12-year and seven-month extension begins June 5, 2027, securing the mall's future well beyond its original expiration.
A Landmark Secured for the Future
The agreement includes a P1-billion commitment from Ayala Land to modernize the BGC mall and prepare it for integration with the Metro Manila Subway. The renewal ends earlier uncertainty over the property's fate, which had loomed as its original lease approached expiration in 2027.
Ayala Land president and CEO Anna Ma. Margarita "Meean" Dy said renewal does not simply mean building something new. She emphasized the importance of reinvesting in existing places as cities and communities evolve around them, creating lasting value for future generations.
A P1-Billion Transformation
The modernization will upgrade the commercial center to meet contemporary retail and mobility needs. While the companies did not provide a detailed breakdown of the investment, portions of the property are already expected to change. The transformation aims to strengthen Market! Market! as a vital gateway into Bonifacio Global City.
The investment forms part of Ayala Land's broader strategy to strengthen existing assets. It also supports the government's "Build Better More" infrastructure program. The redevelopment positions Market! Market! for its next chapter while preserving its role as a community gathering place.
At the Center of BGC's Transit Future
A major component of the modernization is integrating Market! Market! with the Metro Manila Subway Project. The Bonifacio Global City Station will be located within the property, placing the commercial center at the heart of one of BGC's biggest planned transport upgrades. The station will directly connect BGC to key gateways including Ninoy Aquino International Airport.
BCDA President and CEO Joshua Bingcang said the project combines retail and major mobility infrastructure. The integration allows Market! Market! to continue serving as a gateway into BGC. Portions of the Central Plaza will be repurposed as the property evolves into an intermodal mobility hub.
From Convergence Square to Modern Hub
Market! Market! traces its roots to Ayala Land's 2000 master plan for "Convergence Square," envisioned as a mixed-use development combining retail, public transport, and civic space. The mall opened in September 2004 and has since become one of BGC's oldest major commercial centers.
The original agreement covered a 25-year lease renewable for another 25 years. Ayala Land's continued investment reflects confidence in the property's strategic location and its capacity to adapt. With the subway link and modernization, Market! Market! evolves from a shopping destination into a dynamic connection point for commuters, shoppers, and workers alike.
