Podium Mall Ortigas

Описание: The Podium Mall Ortigas

BDO Unibank have taken full ownership of the Podium Complex in Mandaluyong after its board approved the acquisition of shares of its partners in the SM Keppel Land Inc (SMKL) joint venture. 

The Podium mall is a mixed-use development located along ADB Avenue in the Ortigas Center, a major business and commercial district in Mandaluyong, Philippines. It was developed in December 2001 and officially opened in August 2002 as a joint project of Singaporean company, Keppel Land, and BDO Unibank.

This is in line with Keppel Philippines Properties Inc and Opon-KE Properties Inc's decision to divest its investments in SMKL, which is responsible for developing, operating and managing the Podium Complex in Ortigas Center.

BDO acquired 217,910,000 common shares and 36,401,500 redeemable preferred shares of SMKL.

The mixed-use development has a floor area of 140,000 m2 (1,500,000 sq ft) and consists of a shopping mall of the same name, which has a floor area of 50,000 m2 (540,000 sq ft) and two office buildings built on top of it, having a total floor area of 90,000 m2 (970,000 sq ft).The buildings are the BDO Corporate Center and The Podium West Tower which were built in 2015 and 2019.

A six-level expansion (Phase 2), located beside the main mall, was opened on October 27, 2017. The expansion will also include a podium within the towers, and was opened on 2019. The main building (Phase 1) entered renovation works following the opening, and was completed in December 2018

BDO Unibank Inc, as Keppel's joint venture partner, has agreed to buy out Keppel's 50 percent direct equity ownership of keppel land shares.Bdo now fully own the podium mall complex.


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