The Ayala group is investing about P13.6 billion to build the new head office of BPI in Makati—designed to be a 45-story “iconic, elegant and green” skyscraper that will symbolize the storied conglomerate’s solid commitment to the country. |Philbizwatcher
Redefining the skyline of the Makati central business district, the future headquarters of Southeast Asia’s oldest bank will rise on its 5,599-square meter lot at the corner of Ayala Avenue and Paseo de Roxas at an estimated height of 224 meters. It will have a gross floor area of 89,000 sq m, of which 60,000 sq m will be leasable.Zobel said this new skyscraper would “symbolize our confidence in the future and Ayala group’s contribution to building a better Philippines.
Based on today’s leasing rate of about P1,500/sqm month for office space in the Makati central business district, ALI may generate about P45 million per month in recurring leasing revenues from its share of half the leasable space in the project , ALI president Bernard Vincent Dy said in a joint press briefing with Limcaoco.
As the building is not registered with the Philippine Economic Zone Authority given the moratorium in the issuance of new accreditation, Dy said the property would likely attract more multinational country head office and other locators, rather than business process outsourcing firms. However, he said the group would seek Peza accreditation once such option was available.The building itself will have an energy-saving, 100 percent glass facade.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Plastic waste problem worsens amid election seasonDAVAO CITY (MindaNews / 13 March) — Concerns over plastic waste pollution are mounting amid the election seaso as national and local candidates in the May 2022 elections invest heavily in non…
Read more »
BPO workers buck order to return to officeSeveral labor groups opposed the government’s order for business process outsourcing or call center workers to return to office by April 1, saying it did not give any assurance that BPO workers would be safe from the virus and from adequate --- Read more👇
Read more »
Hidilyn to spearhead PH team in SEA GamesTOKYO Olympics gold medalist Hidilyn Diaz will spearhead the 13-member weightlifting team in the coming Vietnam Southeast Asian (SEA) Games.Also joining the regional tournament...
Read more »
SOS Network reiterates call for probe on death of New Bataan 5DAVAO CITY (MindaNews / 13 March) – The Save Our Schools (SOS) Network has reiterated its call for the Commission on Human Rights and other independent bodies locally, nationally and internationall…
Read more »
Campaign vs loose firearms intensifies in PangasinanThe Pangasinan Police Provincial Office has presented 223 firearms to Ilocos Regional Police Office director Brig. Gen. Westrimundo Obinque during his first command visit in Lingayen, Pangasinan on Monday.
Read more »