The BPI Headquarters Is Getting a Sleek Facelift With This P13 Billion Tower
The headquarters of the Bank of the Philippines Islands has been a focal point in Makati City’s Central Business District for decades. Long before the CBD was lined with skyscrapers, BPI’s home at 6768 Ayala Ave. was the heart of the financial district. As the economy grew and more companies joined BPI in Makati’s CBD, 6768 stood the test of time with its nostalgic brutalist architecture. But to keep up with the bank’s ever-evolving mission, the BPI HQ is getting a facelift with a sleek new design.
BPI officially broke ground on its new HQ, which will retain the same coveted address along Ayala Ave. The old building will be replaced with a 45-storey premium office tower that will boast seven levels of basement parking. The new site will encompass the old parking lot found just behind the existing structure, increasing the project’s land coverage to 5,599 square meters. In total, the new HQ will have over 89,000 square meters of floor area, with at least 60,000 square meters open for leasing. The lower levels will host amenity retail spaces, events spaces, landscaped areas, an amphitheater, a forum, and restaurants.
The contemporary design can be credited to leading design firm Skidmore, Owings & Merrill (SOM) in collaboration with Aidea Philippines Inc. Owned by BPI, the project will be developed by Ayala Land Inc., with Makati Development Corp. tapped as the general contractor.
Costing P13.5 billion, the new tower will be completely outfitted with an energy-saving glass facade. Sustainability will play a huge role in the project, as BPI intends to gain three global sustainability certifications (LEED, WELL, and EDGE) that will confirm the new HQ is a “green building.”
“The design and architecture will reflect the bold goals that we have set for ourselves in such areas such as sustainability, financial inclusivity, and innovation,” said BPI President and CEO Jose Teodoro “TG” Limcaoco.
After the groundbreaking, construction will begin in 2023 and finish in 2029. And in that time, the project is expected to generate over 1,800 new jobs in Makati. The bank hopes to have the tower open and operational by 2030, so it might be a while before we set our eyes on the new design in person. Until then, enjoy the before and after photos of BPI's HQ at 6768 Ayala Ave.