PNB Holdings and CBRE Drive Tenant Momentum Along a Changing Ayala Avenue

In the Photo: PNB Makati Center’s prime retail spaces along Ayala Avenue, Makati City.

Makati City, Philippines — PNB Holdings Corporation (PHC) continues to see strong tenant growth at PNB Makati Center, as Ayala Avenue evolves into a more lifestyle-driven, experience-oriented central business district. With 94% occupancy, the property is capturing sustained interest from corporate, wellness, and lifestyle brands seeking strategic, high-value locations in the corridor.

As part of this momentum, BeFit and Maxicare are set to open at PNB Makati Center, reinforcing the district’s rising appeal to wellness-focused and people-centered businesses. Their entry underscores the growing demand for accessible, health-oriented amenities and integrated services within modern workplace environments.

PNB Holdings’ Chief Risk and Compliance Officer, Atty. Michael Leslie D. Delos Reyes highlighted how the property’s tenant mix reflects the direction Ayala Avenue is heading. “Through our ongoing collaboration with CBRE, we can anticipate market needs and ensure our spaces remain attractive, relevant, and positioned for long‑term value creation,” Atty. Delos Reyes said.

PHC’s partnership with CBRE has been key to refining its tenant strategy. Backed by market insights and advisory support, CBRE helps identify suitable locators and align them with spaces that complement the district’s transformation. This data-driven approach continues to strengthen PHC’s ability to curate a future-ready tenant ecosystem.

“Ayala Avenue’s evolution is reshaping what tenants look for, with wellness-oriented and lifestyle-driven brands becoming more central to the workplace ecosystem,” said CBRE’s Country Head, Jie Espinosa. “Our continued work with PHC ensures the right tenants occupy the right spaces, keeping the district vibrant and competitive.”

Adding to this growth, PHC will soon introduce new food and beverage concepts as it converts a portion of PNB Makati Center’s ground floor into dedicated F&B and retail spaces that will further enhance the street-level experience along Ayala Avenue.

With a solid tenant pipeline strengthened by wellness providers, service-oriented businesses, and upcoming dining concepts, PHC expects sustained demand for retail spaces into 2026. As the Makati CBD continues to modernize, PHC remains committed to developing future-ready spaces that support the district’s progressive transformation and elevate the overall tenant experience. #