THE Philippine Stock Exchange (PSE)on Thursday said it is selling its office units that include parking spaces in Tektite Building in Ortigas, Pasig City, to Philippine Realty and Holdings Corp. (Philrealty).
The PSE, the operator of the equities trading floor, said it is disposing of its four office units and 21 parking slots with a total area of 4,754 square meters in the PSE Centre in Tektite, Ortigas, for about P257.17 million.
“The purchase price will be paid in two tranches,” the PSE said in its disclosure. Philrealty developed the building, which is composed of two towers. Some of those who rent in the building are brokers and dealers of the PSE.
The move is part of the PSE’s effort to unify all its trading floors and brokers’ offices in Bonifacio Global City in Taguig. The PSE currently has its headquarters in Tower One Building along Ayala Avenue in Makati City, which also serves as the main trading floor. PSE officials earlier said it may either rent out these office spaces to other tenants or sell them.
The PSE’s efforts to transfer to its new home has been delayed several times, with a new moving target set during the latter part of the year.
The new PSE office tower will rise in a premium real-estate block known as the One Bonifacio High Street, a 3-hectare mixed-use development by the Ayala Group and its partners.
The PSE in 2015 signed a deal with the Fort Bonifacio Development Corp. to acquire office units in the building for P805.37 million.