The Makati Central Business District is set to welcome a new architectural landmark as construction progresses on the BPI Tower, destined to be the new headquarters of the Bank of the Philippine Islands (BPI).
This ambitious 45-storey development, a joint venture between BPI and Ayala Land, Inc. (ALI), aims to be a beacon of modernity and sustainability in the heart of the country's financial capital.
Located strategically at the corners of Ayala Avenue, Paseo de Roxas, and Dela Rosa Street, the new headquarters is designed to seamlessly integrate with Makati's extensive network of pedestrian walkways.
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| Old BPI Headquarters |
With an estimated height of around 224 meters and seven basement parking levels, the tower will dramatically reshape a prominent section of the city's iconic skyline.
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A Vision of Sustainability and Modern Design
The new BPI Tower boasts a sophisticated design concept from globally renowned firm Skidmore, Owings & Merrill (SOM), in collaboration with Aidea Philippines, Inc. Its striking 100% glass facade is not merely for aesthetics; it's a key feature contributing to the building's energy efficiency by optimizing natural light and reducing thermal load.
Sustainability is at the core of this project. BPI is actively seeking authentication from international green building standards, including EDGE, LEED, and WELL certifications. This commitment ensures the tower will meet stringent global benchmarks for environmental friendliness and the creation of healthy, productive workspaces for its occupants.
Scale, Investment, and Future Impact
The project represents a substantial investment of P13.6 billion. BPI holds a 51% ownership stake, while Ayala Land, Inc. commands 49%. The new headquarters complex will span approximately 89,000 square meters of gross floor area, accommodating around 6,500 occupants. BPI plans to occupy roughly half of the leasable space (around 30,000 sq. m.), with the remaining 30,000 sq. m. available for lease to other businesses.
Construction for the tower commenced with a groundbreaking ceremony on March 15, 2022, and is projected to be completed by the fourth quarter of 2029. BPI anticipates fully occupying the building by 2030. The construction phase itself is a significant economic driver, expected to generate approximately 1,800 new jobs.
Beyond Banking: A Hub for Community and Collaboration
BPI President and CEO, Jose Teodoro K. Limcaoco, shared the bank's vision to transform its headquarters into "a bigger, better, more sustainable, and inclusive building," aligning with its broader goal of becoming a responsible and sustainable banking leader.
Beyond its primary function as BPI's new corporate home and main branch, the mixed-use property is designed to be a vibrant urban hub. It will feature:
- Retail spaces
- Event venues
- Expansive landscaped areas
- A generous civic space and amphitheater
- Dedicated forum and events spaces
- Diverse food and beverage options
The design also thoughtfully incorporates modern workplace trends, including more collaboration zones and common areas to foster trust and productivity among employees, embracing the potential for hybrid work arrangements in the post-pandemic era.
The new BPI Tower is poised to become more than just an office building; it's set to be a landmark that embodies sustainability, innovation, and a renewed vision for urban development in Makati.
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