MAKATI CITY, Philippines — PNB Holdings Corporation (PHC) has secured a new lease agreement with creative agency RNDMD, strengthening occupancy at its premier office development along Ayala Avenue.
The real estate firm announced on Thursday that RNDMD opened a new creative studio inside the PNB Makati Center, expanding the agency’s presence within the city’s central business district.
Featuring approximately 35,000 square meters of gross leasable area, the high-rise hosts a diverse tenant base ranging from traditional corporate headquarters to flexible workspace operators, allowing the facility to adapt to changing workplace demands across various industries.
With the latest addition, the building’s occupancy rate has reached 86 percent, reflecting sustained demand for prime commercial spaces in the financial district. Management expects tenancy levels to rise further as pending lease negotiations finalize and new occupants begin operations in the coming months.
Alongside its office space offerings, PHC is currently executing ground-floor enhancement projects to introduce new food, beverage, and retail choices.
Although office rentals remain the company’s primary income driver, the property upgrades aim to elevate the overall experience for occupants, boost foot traffic, and solidify the commercial asset’s standing in the market.
The agreement supports PHC’s broader strategy to generate steady rental revenue across its commercial portfolio while maximizing asset value through targeted property development initiatives.