PAGCOR has taken a monumental step toward modernizing its operations and consolidating its workforce by signing a 25-year lease agreement with San Miguel Infrastructure (SMC). The agreement will see the development of a cutting-edge corporate headquarters in Pasay City, one of Manila’s prominent coastal areas.

PAGCOR Signs 25-Year Lease Agreement with San Miguel Infrastructure for a State-of-the-Art Corporate Headquarters in Pasay City

The ambitious project will span over 40,000 square meters and comes with a total valuation of PHP2.5 billion (approximately $420 million). This budget includes PHP2 billion in construction costs and an additional PHP450 million allocated for interior furnishing.

A Landmark Project Fully Funded by SMC

One of the highlights of this lease agreement is that San Miguel Infrastructure will finance and construct the building at no cost to PAGCOR. This significant investment reflects SMC’s commitment to creating public infrastructure that not only addresses modern corporate needs but also contributes to the broader economic development of the Philippines.

Alejandro Tengco, Chairman and CEO of PAGCOR, emphasized the broader significance of the project: “This project will be more than just a structure. It reflects PAGCOR’s commitment to creating a world-class work environment for its employees—a reflection of our identity, core values, and aspirations.”

The newly developed corporate office will unite PAGCOR’s operations under a single roof, fostering collaboration, innovation, and a sense of community.

Addressing Operational Challenges and Modernizing PAGCOR

For many years, PAGCOR has operated out of multiple rented locations across Metro Manila. This dispersion has posed logistical challenges, including fragmented workflows and less-than-ideal working conditions for employees. Despite these hurdles, PAGCOR has remained steadfast in fulfilling its mandate.

Alejandro Tengco highlighted the significance of the consolidation: “While we have always managed to deliver on our mandates, we’ve long dreamed of a day when we could bring everyone together under one roof—a place where we could foster a stronger sense of community, collaboration, and shared purpose.”

The new headquarters will symbolize PAGCOR’s commitment to its workforce, ensuring they operate in an efficient, modern, and collaborative environment that meets international standards.

13-Hectare Development for Greater Opportunities

Under the terms of the lease agreement, 13 hectares of the 15-hectare property in Pasay City will be allocated to various San Miguel Corporation initiatives. This ensures that the property’s development will go beyond merely accommodating PAGCOR’s offices and will include opportunities to create public infrastructure and economic benefits for surrounding communities.

Moreover, PAGCOR expects additional revenue streams from the lease arrangement. Specifically, the organization plans to rent out unused portions of the new corporate headquarters once construction is completed. This strategic initiative will provide PAGCOR with supplementary income, contributing to its broader financial sustainability goals.

San Miguel Infrastructure’s Vision for Public Benefit

The partnership with San Miguel Infrastructure marks a significant milestone in PAGCOR’s journey toward modernization. It also underscores SMC’s vision of maximizing the property’s value for public good.

Ramon Ang, Chairman and CEO of San Miguel Corporation (SMC), stated: “Our goal is to maximize the potential of this property for the public’s benefit. The new PAGCOR headquarters will be a key part of this plan, providing a modern space to support their crucial role in funding government programs that uplift the lives of many Filipinos.”

SMC’s commitment to sustainable and innovative infrastructure ensures that the property will serve as a hub for economic and corporate development in Pasay City and beyond.

Strategic Location in Pasay City

The choice of Pasay City as the location for PAGCOR’s new headquarters further adds to the significance of this project. As a bustling economic zone in the Manila Bay area, Pasay City offers strategic advantages, including proximity to key transportation hubs, business districts, and entertainment complexes.

The development of the 15-hectare property aligns with ongoing urbanization efforts in the region, ensuring that the project contributes to local infrastructure growth and economic development.

The Role of PAGCOR in Supporting National Development

The Philippine Amusement and Gaming Corporation plays a critical role in funding national government programs, including health care, education, and infrastructure development. The new headquarters will serve as a center for PAGCOR’s operational excellence, enabling the organization to deliver on its commitments more effectively.

By consolidating its operations in a world-class facility, PAGCOR will streamline its internal processes, improve employee productivity, and enhance overall service delivery. This move aligns with PAGCOR’s mission to contribute to the socio-economic development of the Philippines while upholding its core values of integrity, innovation, and excellence.

A New Era for PAGCOR’s Workforce

The state-of-the-art corporate headquarters will redefine the work experience for PAGCOR employees. Designed with modern amenities, innovative workspaces, and cutting-edge technology, the facility will provide a conducive environment for collaboration, creativity, and growth.

PAGCOR’s decision to centralize its workforce under a single roof will also reduce operational redundancies and foster a stronger organizational culture. Employees can look forward to a workplace that promotes well-being, professional development, and a shared sense of purpose.

Conclusion: The Partnership

The 25-year lease agreement between PAGCOR and San Miguel Infrastructure represents a forward-thinking collaboration that will benefit not only the two entities but also the broader public. Through this partnership, PAGCOR is positioning itself for long-term growth, while SMC is demonstrating its dedication to creating infrastructure that supports national progress.

FAQs About PAGCOR Signs 25-Year Lease Agreement with San Miguel Infrastructure 

1. What is the purpose of PAGCOR’s new headquarters?

The new headquarters aims to modernize PAGCOR’s operations by consolidating its workforce under one roof. It will provide a state-of-the-art, collaborative, and efficient work environment for employees.

2. Who is funding the construction of PAGCOR’s headquarters?

San Miguel Infrastructure (SMC) will fully fund and construct the building at no cost to PAGCOR. This reflects SMC’s commitment to public infrastructure development.

3. Where will the new PAGCOR headquarters be located?

The headquarters will be located in Pasay City, a prominent coastal area in Manila Bay known for its strategic advantages, including proximity to transportation hubs and business districts.

4. How large is the PAGCOR headquarters project?

The project will span over 40,000 square meters and is valued at PHP2.5 billion, which includes PHP2 billion for construction and PHP450 million for interior furnishings.

5. Why is PAGCOR consolidating its offices?

For years, PAGCOR operated from multiple rented locations across Metro Manila, causing logistical challenges and fragmented workflows. Consolidating under one roof will improve efficiency, collaboration, and working conditions.

6. What portion of the property will PAGCOR use?

PAGCOR’s headquarters will occupy part of a 15-hectare property. Of this, 13 hectares will be allocated for various initiatives led by San Miguel Corporation.

7. Will PAGCOR generate additional revenue from this project?

Yes, PAGCOR plans to rent out unused portions of the new headquarters, creating supplementary income and enhancing its financial sustainability.

8. What are the benefits of the Pasay City location?

Pasay City’s strategic location offers key advantages, such as:

• Proximity to transportation hubs and business districts.
• Integration with ongoing urbanization efforts.
• Contribution to local economic and infrastructure growth.

9. What role does San Miguel Infrastructure (SMC) play in this partnership?

San Miguel Infrastructure will fund, develop, and construct the new headquarters. SMC’s involvement reflects its broader vision of creating sustainable public infrastructure that benefits national development.

10. How will this project benefit PAGCOR employees?

The modern headquarters will offer:

• Innovative and efficient workspaces.
• Cutting-edge technology and amenities.
• A conducive environment for collaboration, creativity, and professional growth.

11. How long is the lease agreement between PAGCOR and SMC?

The lease agreement is for a 25-year period, reflecting a long-term strategic partnership between PAGCOR and San Miguel Infrastructure.

12. What are the key financial details of the project?

The project is valued at PHP2.5 billion, with PHP2 billion allocated for construction and PHP450 million for interior furnishings.

13. What challenges will the new headquarters resolve for PAGCOR?

The new facility will address logistical challenges, fragmented workflows, and inefficient working conditions caused by operating across multiple rented locations.