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May 27, 2024

Ayalas shelling out P13.6B for new BPI HQ

Ayala-led Bank of the Philippine Islands (BPI) led by bankero TG Limcaoco is shelling out P13.6 billion for the completion of the bank’s new headquarters at the corner of Ayala and Paseo de Roxas avenues in Makati City.

BPI chairman Jaime Augusto Zobel de Ayala said during the groundbreaking ceremony the massive investments would generate about 1,800 jobs in the central business district.

“This investment will help spur growth in the Philippine economy, stimulate business activity and provide much needed employment opportunities for Filipinos,” Zobel said.

Zobel, who is also chairman of diversified conglomerate Ayala Corp., said the new 45-storey headquarters of the 170-year old bank would house its main branch, a civic space and amphitheater, a forum and events place, as well as areas for food and beverage outlets.

“The building is envisioned to welcome people from Makati and beyond and be a hub for social, economic, and cultural activities. Ultimately, our new headquarters will reflect BPI’s securing commitment to innovation, sustainability, inclusivity, and excellence in customer service,” Zobel added.

The new Triple A modern headquarters of thousands of BPI employees will have a 100 percent glass façade that reduces thermal loan and maximizes natural light.

The new landmark at the center of Makati City is scheduled to be completed by the first quarter of 2030.