Gov’t sells idle Atrium of Makati units for P1 billion

The government has auctioned off the long-vacant Atrium of Makati, a once-prominent low-rise office building from the 1980s, for P1 billion. This sale marks a significant step in addressing the issue of idle commercial properties that burden the government's real estate portfolio. The transaction could signal a broader trend of repurposing old commercial spaces to meet modern urban needs. This move is crucial for urban redevelopment and may pave the way for similar initiatives to rejuvenate other underutilized buildings in the country.