The Philippine Stock Exchange Tower in BGC: 8 Things To Know

Last Updated: March 7th, 2018

 

PSE Tower

PSE Tower

 

To coincide with the Chinese New Year festivities, the Philippine Stock Exchange recently launched their new office tower along 5th Avenue in Bonifacio Global City. With its remarkable facade and a planned museum down the line, here’s hoping that the local bourse will move to record highs in their new home. 

 

 

1. The 30-story Philippine Stock Exchange Tower was designed by US-based architectural firm, Handel Architects.

Founded in New York City in 1994, Handel Architects employs over 150 employees in their offices in New York, San Francisco, and Hong Kong.

They have been regularly featured in architectural journals and design publications and are credited for the design of several big-ticket projects. This includes the National September 11 Memorial & Museum in New York City, The Dominick (formerly Trump Soho) in Manhattan, the Millenium Tower in San Francisco, Journal Squared in Jersey City, SSI Tower in Jakarta, and Shangri-La at the Fort in Taguig City.

 

PSE Tower - Philippine Stock Exchange Tower

A close look at the building’s upper facade

 

2. The 50,000 sqm. all-glass tower was designed for Ayala Land Premier–the building’s developer. The building is part of One Bonifacio High Street–a  mixed-use development which also includes The Suites, a premier residential project, and the recently completed Shangri-la at the Fort.

 

3. With the launch of this new office tower, the local bourse will now have a unified trading floor–contrary to the previous setup of having two trading floors in both Ortigas and Makati.

 

4. The estimated cost for the building’s construction is at Php 3.5 Billion–a third of which was shouldered by the Philippine Stock Exchange.

 

5. The building stands on the land donated by the Fort Bonifacio Development Corp. (FBDC) to the Philippine Stock Exchange. Back then, the former military camp was virtually a grassland before it was redeveloped into a business district.

 

The PSE Tower and Shangri-La at the Fort were designed by Handel Architects

The PSE Tower and Shangri-La at the Fort were designed by Handel Architects

 

6. A museum within the office tower would soon be launched according to PSE Chair Jose T. Pardo. Being one of the oldest stock exchanges in Asia–having been in operation since 1927–the museum will be a welcome addition to chronicle its long history.

 

7. In describing the building’s design, Handel Architects highlights how the “tower presents an inflected glazed “frontpiece” to the main commercial avenue with a vertical spine expressed with deep vertical ribs for solar control”. Hence, the “leaning forward” facade.

 

8. Shangri-la at the Fort and PSE Tower, both spearheaded by Handel Architects will be connected to each other and will also house retail shops in the mezzanine and ground floors.

 

PSE Tower - Philippine Stock Exchange Tower

Street view

 

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References:

  1. The Manila Bulletin
  2. Handel Architects
  3. Philippine Stock Exchange
  4. Inquirer
  5. Other news articles

 

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