The Philippine subsidiary of First Pacific Davies (FPD) in Hong Kong has formed a joint-venture company to manage the Philippines' largest single property development. Bonifacio Estate Services Corp is a joint venture between First Pacific Davies Property Management, Fort Bonifacio Development Corp (FBDC) and the government's Bases Conversion Development Authority (BCDA). It will provide a range of property management and maintenance support services for what is being touted as a modern, futuristic 'city within a city' - Manila's Global City covering more than 400 hectares. 'Our aim is to ensure that this development is built to a quality which will have few equals internationally,' Victorino Basco, chairman and president of the BCDA, said. Managing director of FPD's Property Management Services in Hong Kong, Trevor Seymour-Jones, said the joint venture would act as manager for this 'city within a city' - scheduled for completion in about 30 years. 'It will be like the Docklands authority,' Mr Seymour-Jones said, referring to the massive redevelopment project along the London waterfront. The Docklands authority has managed the project since the early 1980s. FPD officials said Fort Bonafacio joint-venture company would comment on and endorse development plans submitted by developers involved in the project. 'Under the contract, we will provide carefully formulated systems to oversee the administration of the site and the development controls to ensure that developers construct buildings in accordance with the developers' plans for the city,' FPD chairman David Davies said. Recently, a consortium of more than 12 companies, led by Metro Pacific Corp, bought the massive plot of land from the Philippine Government for about US$1.6 billion. Metro Pacific has sold most of the first batch of 16 hectares, which the government has so far released to the developer. While site formation is still ongoing, FPD has been working on the preparation of a master deed and declaration of mutual covenants which will be issued to developers that purchase plots of land. FPD has also been working on establishing development controls whereby plans submitted by developers will be scrutinised to ensure that they conform to the master plan. According to FPD officials, the joint venture would manage the progressive development of the city in all its facets. 'In time, we will even be organising community relations within the city,' Mr Seymour-Jones said. The joint venture will also be involved in providing a range of social and municipal-type services to the development in the months and years to come.