BCDA formalizes 25-year lease with ALI for John Hay TechnoHub

The Bases Conversion and Development Authority (BCDA) has formalized a 25-year lease agreement with Ayala Land Incorporated (ALI) for the John Hay TechnoHub in Baguio City, expected to generate P600 million over 25 years.

This partnership aims to support employment opportunities for about 3,000 individuals and boost government revenues through sustained economic activity at the TechnoHub.

BCDA President Joshua Bingcang emphasized that this collaboration ensures business continuity and fosters sustainable development in Camp John Hay.

Since acquiring the property in January, BCDA has secured more than P14 billion in investments from new commercial and residential lease agreements.

Ayala Land's involvement has transformed the TechnoHub into a vibrant business and leisure destination, contributing significantly to Baguio City's economic growth.