The Ayala Corporation through Ayala Land, Inc., and Evergreen Holdings, Inc. BLC made a successful bid to become BCDA's partner in the development of the district. On February 7, 1995, Bonifacio Land Corporation (BLC) started planning a major urban development-Bonifacio Global City.
It is also claimed by Makati as part of its barangays Post Proper Northside and Post Proper Southside. It is part of Taguig's barangay Fort Bonifacio prior to the creation of the barangay in 2008, it was part of barangay Western Bicutan. It is under the administration of the city government of Taguig although the local governments of Makati and Pateros also claim jurisdiction.
The entire district used to be the part of the main Philippine Army camp. The district experienced commercial growth following the sale of a 440 ha (1,100 acres) military base at Fort Bonifacio by the Bases Conversion and Development Authority (BCDA). It is located 11 kilometers (6.8 mi) southeast of the capital city of Manila. Bonifacio Global City (also known as BGC, Global City, or The Fort) is a financial business district in Taguig, Metro Manila, Philippines.
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