Posted April 27th, 2012 by Manila Standard Today 

ASIDE from the shares that moved the market to new record highs, the Philippine Stock Exchange is also moving up, this time to the plush Bonifacio Global City district in Taguig City.

The PSE announced yesterday that it will be moving its corporate headquarters and trading floor to a new building to be built in Bonifacio Global City by Ayala Land Inc.

Under the agreement with Ayala Land, the bourse’s new headquarters and trading floor will be built on 6,000 square meters of office space in a still-unnamed structure to be developed in the middle of The Fort’s central business district.

The office space will be traded for the 2,000-square-meter property that Fort Bonifacio developers donated to the PSE as the site of its future headquarters.

No target dates have been set yet, but the proposed plans are going to be discussed by the bourse’s stockholders during their annual meeting on May 5.

The PSE headquarters and trading was originally housed at the former Tektite Towers in Ortigas, Pasig City with another trading floor at the PSE Plaza in Makati City. The exchange later consolidated its operations under one office in the Ayala Tower One in Makati City, where it also operates a trading floor.

The relocation of the stock exchange is expected to be boost to Bonifacio Global City, which used to be part of the Philippine Army’s headquarters Fort Bonifacio. The district is now home to a growing number of office buildings and residential condominiums such as Essensa, Serendra, Pacific Plaza Towers, Bonifacio Ridge and Regent Parkway.

Many corporations have acquired properties and some have committed to relocate their regional or national headquarters, among them are Accenture, Hongkong and Shanghai Banking Corporation, Deutsche Bank, Lawson Software, Fujitsu, Hewlett-Packard, Ericsson, TetraPak, JPMorgan Chase and Safeway.

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