Ayala Group units Bank of the Philippine Islands and Ayala Land Inc. (ALI) are spending P13.6 billion for a new 45-storey state-of-the-art, sustainable head office of BPI.
Under the co-development, BPI will have a share of 51 percent and ALI has 49 percent.
The project broke ground yesterday at the corner of Ayala avenue, Paseo de Roxas and Dela Rosa street in Makati City.
The mixed-use property will house BPI’s headquarters and main branch and will have retail spaces, event venues, landscaped spaces, and seven basement parking levels.
About 1,800 will be generated directly from the construction project.
The project will seek EDGE, LEED, and WELL certifications.
The building will have an energy-saving, 100 percent glass facade.
The masterplan maximizes land efficiency while providing a generous civic space that seamlessly connects to Makati’s underground and elevated walkways.
The plan was conceptualized by global design firm Skidmore, Owings & Merrill, in collaboration with the architect-of-record, Aidea Philippines Inc. It will have a land area of 5,599 square meters (sq.m.) a gross floor area of around 89,000 sq.m. and a gross leasable area of around 60,000 sq. m.
Construction of the headquarters complex is expected to be completed in the fourth quarter of 2029, while the opening of the building is expected in 2030.
