[ Manila Bulletin Online ] October 6, 2008
By JAMES A. LOYOLA
Despite delays in the planning for the construction of its new headquarters in the Bonifacio Global City, the Philippine Stock Exchange continues to hope to break ground on the new site before the end of 2009.
In an interview, PSE president Francis Lim said this is PSE director Vivian Yuchengco’s target for the groundbreaking while completion of the building is expected in 2013.
He explained that the delay was due to the decision to move the PSE building to another lot since the original lot had become too crowded with too many buildings around it for a prestige edifice.
Lim said the transfer required a revision of the design and plans for the building and this is taking more time.
PSE shareholders earlier approved a proposal to swap the original lot in Fort Bonifacio Global City donated to it by Fort Bonifacio Development Corporation in exchange for space in a new building to be built on a much prestigious site.
Lim said they had initially hoped to move in to their new and unified headquarters and trading floor in Fort Bonifacio by the first quarter of 2010 if construction had started as planned in the third quarter of 2007.
While the PSE will get at least 5,000 square meters in the new building, it has the option to get more space if it also swaps its existing offices and trading floor in Ayala
By JAMES A. LOYOLA
Despite delays in the planning for the construction of its new headquarters in the Bonifacio Global City, the Philippine Stock Exchange continues to hope to break ground on the new site before the end of 2009.
In an interview, PSE president Francis Lim said this is PSE director Vivian Yuchengco’s target for the groundbreaking while completion of the building is expected in 2013.
He explained that the delay was due to the decision to move the PSE building to another lot since the original lot had become too crowded with too many buildings around it for a prestige edifice.
Lim said the transfer required a revision of the design and plans for the building and this is taking more time.
PSE shareholders earlier approved a proposal to swap the original lot in Fort Bonifacio Global City donated to it by Fort Bonifacio Development Corporation in exchange for space in a new building to be built on a much prestigious site.
Lim said they had initially hoped to move in to their new and unified headquarters and trading floor in Fort Bonifacio by the first quarter of 2010 if construction had started as planned in the third quarter of 2007.
While the PSE will get at least 5,000 square meters in the new building, it has the option to get more space if it also swaps its existing offices and trading floor in Ayala
