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Constructed within the Nineteen Eighties, the Atrium is among the many extra recognizable low-rise workplace buildings alongside Makati Avenue
MANILA, Philippines – The Atrium of Makati, the squat concrete workplace constructing dealing with Ayala Triangle Gardens, has delivered a P1-billion windfall for the federal government.
The Division of Finance (DOF) stated on Thursday, July 16, that the federal government had accomplished the sale of 24 condominium models and 21 parking areas within the decades-old Makati Avenue constructing. The sale was made to Sanpiro Realty Improvement Company.
Finance Secretary Frederick Go stated the sale was a part of the federal government’s effort to transform properties that have been now not being absolutely used into money for public spending.
“This sale demonstrates our dedication to show idle authorities property into revenues that strengthen our capability to fund precedence packages and help long-term nationwide improvement,” Go stated.
The transaction pushed the Privatization and Administration Workplace (PMO) collections to P1.87 billion throughout the first half of 2026. That already matched the workplace’s collections for the entire of 2025 and was about two and a half occasions its full-year 2026 goal, in response to the DOF.
Constructed within the Nineteen Eighties, the Atrium is among the many extra recognizable low-rise buildings alongside Makati Avenue, distinguished by its heavy concrete exterior and deep horizontal window bands. It was designed within the Brutalist type and sits beside the ultramodern glass skyscrapers of Zuellig Constructing and throughout from Ayala Triangle, close to the intersection of Makati Avenue and Paseo de Roxas.
The Privatization Council additionally just lately accepted new pointers that will enable extra methods of disposing of state property, together with the acceptance of unsolicited provides. Unsolicited proposals might assist the federal government transfer properties which have attracted little market curiosity.
Chief Privatization Officer Michael Peter Alejandro stated the federal government deliberate to construct on the Atrium sale because it introduced different properties to market.
“We are going to construct on this momentum as we pursue different properties for disposition within the pipeline,” Alejandro stated. – Rappler.com
