Posted on
December 18, 2012 10:10:38 PM [ Businessworld Online ]
PROPERTY
DEVELOPER Ayala Land, Inc., together with partners Evergreen Holdings, Inc. and
Fort Bonifacio Development Corp., yesterday broke ground on One Bonifacio High
Street, a 3.2-hectare premium mixed-use block in Bonifacio Global City whose
segments will open from 2016 to 2018.
“We broke ground today and we are very happy
about the developments that are happening among three specific components:
retail, office, residential,” Antonino T. Aquino, Ayala Land president, told
reporters at Mango Tree Bistro, Bonifacio High Street, Taguig City.
One Bonifacio
High Street, located west of the existing Ayala Land-developed Bonifacio High
Street commercial strip, is estimated to cost a total of about P28.2 billion.
Ayala Land
officials in the same briefing bared details of structures that will rise on
the site.
“We’ve
finalized our plan for the new PSE (Philippine Stock Exchange) and that is now
in the process of execution. The office component will see completion in
mid-2016, while the retail [segment] will be done in the earlier part of 2016,”
Mr. Aquino said.
PSE currently
occupies Tower One PSE Plaza along Ayala Avenue in Makati City. The new PSE
will be a 22-storey building with 29,000 square meters (sq. m.) of office
space, 19,900 sq. m. of which will be used exclusively by the stock exchange,
Carol T. Mills, Ayala Land senior division manager for Business Development and
Strategic Planning, Commercial Business Group, said during the briefing.
“It will have
a 100% glass facade, a double-height entrance lobby, and an amenity floor with
conference rooms and business lounges for locators such as multinational
corporations and financial firms,” Ms. Mills said, adding that the
24,000-sq.-m. retail segment will also open in 2016.
Also rising
on the site is The Suites, a 63-storey, 298-unit condominium being built by
Ayala Land’s upscale brand Ayala Land Premier. Turnover of The Suites -- where
units sell for P25 million each compared to a P12-14-million average in Makati
City -- is set for 2018, Jose Juan Z. Jugo, Ayala Land Premier head, said.
Ayala Land
shares rose by 30 centavos to P25 apiece yesterday from P24.70 last Monday. --
Franz Jonathan G. de la Fuente
_______________________________________________________________
