IPOPHL has purchased two floors totalling 5,999 square meters at the Savya Financial Center, a property of Arthaland Development Corporation.
IPOPHL has revealed that they will save around five billion pesos from the cost of renting office space in Mckinley Hill Town Center, also in Taguig City.
"With a permanent home, we see greater financial sustainability and greater fiscal space to work on our programs and create a greater impact for our innovative and creative communities," said IPOPHL Director General Rowel Barba.
The final price for their new office is 1.6 billion pesos. This will result in almost 5 billion pesos in savings.
"These savings may very well be diverted to service upgrades and expansion, helping improve our online services, pursuing our Digital Transformation program, and helping more businesses, innovators and creators in the country protect their IP assets," added Barba.
IPOPHL operates independently and does not receive a budget from the government, solely relying on the filings they receive.
(Photo by IPOPHL)
