MANILA, PHILIPPINES – The Philippine Stock Exchange, Inc (PSE) is expected to move to its new office in the latter part of 2016 after purchasing office units in Bonifacio Global City (BGC).
In a statement posted on its website, the PSE said it has signed a contract to sell with Fort Bonifacio Development Corporation (FBDC) for PSE’s acquisition of office units in BGC for a total purchase price of Php805.37m (USD18m).
The purchased property in BGC will serve as headquarters of the PSE and house its unified trading floor.
“We are pleased with the developments in this transaction with FBDC. The transfer to Fort Bonifacio will afford PSE operational efficiencies and support the growth of the company in the coming years. We look forward to calling the fast-growing BGC our home soon,” said PSE President and CEO Hans B. Sicat.
The PSE expects to move to its new office in the latter part of 2016, Sicat said. – BusinessNewsAsia.com