Arca South

Arca South
Planned unit development
Arca South
Location of Bonifacio Global City within Metro Manila
Coordinates: 14°30′11.49″N 121°2′37.53″E / 14.5031917°N 121.0437583°E / 14.5031917; 121.0437583Coordinates: 14°30′11.49″N 121°2′37.53″E / 14.5031917°N 121.0437583°E / 14.5031917; 121.0437583
Country Philippines
Region National Capital Region
City Taguig
Barangay Western Bicutan
Area
 • Total 1.2 km2 (0.5 sq mi)
Time zone UTC+8 (PST)
Website Arca South

Arca South is a planned unit development owned by Ayala Land, Inc. located at East Service Road, South Luzon Expressway, Taguig. The place was formerly known as Food Terminal Incorporated (FTI), a government owned and controlled corporation that runs a 120-hectare industrial estate that leases lots for small and medium-sized enterprises that runs business on agricultural development, electronic raw materials and other business endeavors.[1][2] It was once one of the largest estates in Metro Manila that is home to over 300 companies.[3]

FTI is an attached agency of the National Food Authority (NFA)[4] The NFA and the Food Development Center are located on the property.[4]

History

It was a priority project of then Philippine President Ferdinand Marcos to revolutionize the agricultural sector of the country. By the power a Presidential decree issued in January 1967, it took about more than a year to establish what was called the Greater Manila Terminal Food Market (GMTFM) on 30 April 1968. However, the estate was renamed to Food Terminal Inc on 27 March 1974.

There have been several attempts over multiple Philippines presidential administrations to sell off part of the property, including a public auction in 2009, but they all failed.[3]

In November 2012, the Philippine government announced the sale of the 74 hectares of the 120-hectare property to Ayala Land, Inc. for 24.3 billion Philippine pesos.[5][3] Ayala plans to turn the property into a mixed-use development.[5] Proceeds from the sale are pledged to the programs of the Department of Agriculture and the Department of Agrarian Reform. The remaining 46 hectares remains in FTI.[5] The remaining 46 hectares of FTI renamed as FTI Special Economic Zone.

In 2013, Ayala Land renamed FTI into Arca South.[6]

Current Developments

FTI Special Economic Zone

  • Air Liquid
  • Continental
  • Dizon Farm
  • Hi-Las Corporation
  • Keba
  • Land Transportation Office-Taguig Extension
  • PSi Technologies Inc. (extension office)
  • Team Pacific Corporation
  • Puregold FTI-Taguig
  • SM Hypermarket FTI
  • Temic
  • Vishay Philippines Incorporation

Residential

  • Arbor Lanes[7]
  • The Veranda[8]
  • Avida Towers One Union Place[9]

Commercial/Institutional

  • Arca South Corporate Center[10]
  • Ayala Malls Arca South (Transit, Regional, & Lifestyle Malls)
  • Qualimed Hospital
  • Seda Hotel
  • South ITS (Integrated Transport System)[11]
  • AANI Weekend Market

References

  1. ↑ Food Terminal Incorporated (FTI) Archived 23 August 2007 at the Wayback Machine.
  2. ↑ "Food Terminal Inc. website". Archived from the original on 7 September 2011. Retrieved 13 November 2012.
  3. 1 2 3 "Privatization Mgmt Office moves Food Terminal Inc. bidding to Aug. 14". GMA News. 2 August 2012. Archived from the original on 19 December 2013. Retrieved 13 November 2012.
  4. 1 2 "Food Terminal Inc. website". Archived from the original on 7 September 2011. Retrieved 13 November 2012.
  5. 1 2 3 Burgonio, TJ (13 November 2012). "Ayala buys FTI for P24.3B". The Philippine Inquirer. Archived from the original on 15 November 2012. Retrieved 13 November 2012.
  6. ↑ "Archived copy". Archived from the original on 8 April 2014. Retrieved 5 May 2013.
  7. ↑ "AyalaLand Premier – Arca South". Archived from the original on 4 March 2016. Retrieved 1 June 2015.
  8. ↑ "Alveo – Arca South". Archived from the original on 3 March 2016. Retrieved 1 June 2015.
  9. ↑ "Avida – Arca South". Archived from the original on 4 March 2016. Retrieved 1 June 2015.
  10. ↑ "About AyalaLand Offices – Arca South". Retrieved 1 June 2015.
  11. ↑ "Archived copy". Archived from the original on 17 November 2015. Retrieved 16 November 2015.
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