PSE trading floor, HQ relocation OKD

THE PHILIPPINE Stock Exchange board has approved the relocation of its unified trading floor and corporate headquarters to Bonifacio Global City under a revised property deal with Ayala Land Inc.

The agreement with ALI paves the way for the construction of the PSE’S future headquarters and unified trading floor in BGC after a nine-year wait.

The PSE disclosed on Thursday that its board had approved the relocation of its offices and trading floors to a unified office in BGC to be developed by ALI and/or its affiliates. The framework is expected to be discussed for final approval by the stockholders of the PSE dur- ing their annual meeting on May 5.

“We hope to sign the agreement with Ayala sometime next week. Then, the team will finalize the construction timetable,” said PSE chair Jose Pardo.

A spokesperson from ALI confirmed that under the framework, the PSE will get about 6,000 square meters of office space in the new complex within BGC’S West Super Block, right in the middle of BGC’S central business district, to be developed by ALI.

It was earlier reported that this project would take five years to complete but the PSE is hoping it could be done sooner.

The PSE will have the right to name the building, which is envisioned to be similar to the IFC com- plex in Hong Kong.

This office space is in exchange for the 2,000-square meter parcel of land originally donated to the PSE by Fort Bonifacio developers as the site for its future headquarters.