The Department of Finance (DOF) finalized the sale of 24 condominium units and 21 parking spaces in the decades-old Atrium of Makati, a low-rise Brutalist building along Makati Avenue, to Sanpiro Realty Development Corporation.The transaction generated P1 billion for the government, contributing to the Privatization and Management Office (PMO) collections reaching P1.87 billion in the first half of 2026—matching the full-year 2025 collections and surpassing the 2026 target by 2.5 times.Finance Secretary Frederick Go emphasized the sale as part of efforts to convert idle government assets into revenue for public spending.The Atrium, built in the 1980s, is notable for its heavy concrete exterior and proximity to modern skyscrapers like the Zuellig Building.

The privatization initiative also includes new guidelines allowing unsolicited offers to dispose of state properties, aiming to accelerate asset monetization.Chief Privatization Officer Michael Peter Alejandro noted the momentum from the Atrium sale will drive the disposal of other government properties.