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PNB Makati Center: Where work finds balance

by Contributor
written by Contributor

AT FIRST glance, the Makati business district projects a sense of permanence, its skyline defined by a mix of legacy towers and modern developments. Yet beneath this, leasing activity once softened as businesses explored newer hubs across the metro.

Come 2026, it held its ground anew, particularly along Ayala Avenue, as it recorded most of the leasing activities for the first quarter of the year, the highest among Metro Manila submarkets. At the center of this resurgence is PNB Makati Center, a focal point in Makati’s second act and its evolving business landscape.

With the real estate platform PNB Holdings at the helm, the iconic structure began moving in step with the district’s renewal, as adaptive restoration efforts brought the building in line with Makati’s changing landscape.

This is evident in the refreshed lobby. Previously just a passageway, it now greets those who come in with a nostalgic aroma of freshly made bibingka and brewed tea from retail tenants Bibingka Manila and CHAGEE. 

Further inside, the mezzanine level houses health and wellness tenants, BeFit and Maxicare. Thoughtfully assembled by PHC, the lineup brings a more considered lifestyle offering into the workday and places convenience within easy reach of modern professionals.

The refreshed lobby of the PNB Makati Center now welcomes modern professionals with the nostalgic aroma of bibingka and brewed tea from retail tenants Bibingka Manila and CHAGEE.

The experience carries seamlessly onto the office floors, where customizable, fit-out-ready spaces give companies the freedom to create environments that embrace their brand and way of working, with interiors that feel both intentional and personal.


Not limited to large businesses, the building opens to new configurations through co-working space SPACES. Here, digital nomads as well as compact and large teams find a more flexible way of working. 

This is what continues to draw companies and discerning individuals to the city and to places like PNB Makati Center. Accessibility and proximity still matter, but increasingly, it is the environment around the work that sets it apart. 

Yes, it is a financial hub, but more so a place where work and life move in synergy. And, PNB Makati Center stands at the center of this shift. It signals that the district continues to evolve without losing its core.

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Where legacy stands, new spaces emerge

by Contributor
written by Contributor

IT IS said that Brutalist architecture asked for patience. Its language was not immediately inviting and resisted quick affection, for it stands firm in raw concrete and heavy, geometric forms.

Appreciation for this style came with distance. That return happened around 2019 across cities, including in the Philippines, when the culture began to look again and see intent behind the weight. Buildings that were once dismissed as severe began to draw in a new audience. Architects, designers, and the public revisited them with a fresher perspective.

Iconic properties of the Metro skyline

In Makati and Pasay, two such structures are among those that gained renewed attention: the PNB Makati Center and the PNB Financial Center, properties managed by PNB Holdings Corporation (PHC). 

From the street, both buildings read as resolute. The PNB Makati Center, designed by Filipino architect Carlos Arguelles, a key figure in modern and Brutalist architecture, holds its place along Ayala Avenue with a sense of order, set against a district in constant evolution.

On the other end, the PNB Financial Center, found nearer the bay, stretches across a wide footprint of almost 90,000 sqm. Designed by noted Filipino architect Gabriel Formoso, it carries the same material honesty, set against an open horizon.

When PHC assumed stewardship, the shift began at the threshold. They ensured not to erase time but work with it, leaning toward adaptive redevelopment. They ensured that the structure remains legible and that interventions respond well to present-day use.  

When one steps inside the PNB Makati Center, the experience becomes less measured. Light softens the entry as the lobby leads with clarity. Materials move from exposed concrete to finishes that are easier on the eye and touch. 

At the PNB Makati Center, materials move from an exterior that features heavy, geometric forms to interiors with finishes that are easier on the eye and touch. 

Workspaces, found on the second to the penthouse levels, follow a similar intent. Color pops in controlled accents and seamlessly blends with the structure. They feature layouts that support employee interaction without forcing it. There are open zones for team collaboration, alongside areas that allow for focus. The choices reflect the building’s current priorities—health, safety, and a more human-centered way of working. 

When PHC assumed stewardship, the real estate developer ensured not to erase the history of the building but to work with it, leaning toward adaptive redevelopment and ensuring that interventions respond well to present-day use.

At the PNB Financial Center, the narrative expands. The building has long functioned as a headquarters. Its expansiveness allowed it to house offices and institutional tenants over time. Under PHC’s direction, parts of the complex have taken on a new role.

Certain interiors have been adapted into event venues. This move leans on the asset that Brutalism provides, volume. Large spans and high ceilings offer a flexible canvas. The spaces can host formal gatherings or more relaxed assemblies. The Bay Area setting adds another layer. Natural light shifts across the day and gently spills through the windows. The edge between inside and outside becomes part of the event experience.

At the heart of the PNB Financial Center, the Grand Atrium unfolds as a versatile and expansive space, as its openness allows creative visions to take shape with ease.

This reprogramming extends the building’s original identity. Where there were once purely administrative spaces, there are now areas, such as The Grand Atrium, that invite the public in a variety of ways. 

Both buildings show that preservation is not fixed, but a process where change unfolds with discipline, allowing the original architecture to remain clear as new interventions settle in with intent. And, when updated with care, they can support contemporary life without losing character. The current work at PNB Makati Center and PNB Financial Center reflects precisely this.

From surrounding plants at The Amphitheater to sunlight streaming through the expensive windows of The Grand Atrium, nature tempers the PNB Financial Center’s textured exterior.

For those who pass by, the first impression may still be distant. The silhouettes have not softened. Yet beyond the facade, the spaces tell a whole new story, one that considers how people move, gather, and work today. In this way, the buildings continue to shape the spaces they hold. They define their legacy not only by what they were, but by how they are used today.

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Business

Why PNB Holdings builds for what lasts

by Contributor
written by Contributor

BEFORE scale, there was structure.

Long before PNB Holdings Corporation (PHC) became associated with scale, its foundations were shaped by discipline. The company draws from a business tradition established by Dr. Lucio C. Tan, one that valued restraint, steady decision-making, and clarity of purpose over rapid expansion. It was a way of building that favored structure first, allowing growth to follow in its own time.

It is within this environment that PHC took shape, assuming responsibility for key real estate assets in Metro Manila. Guided by the strength and stability of the business ecosystem it is part of, the company has focused on managing its properties with care, seeing them not simply as assets to be held, but as spaces with a role to play over time.

“Managing property is only one facet of our role. Our current focus is on how our employees, our tenants, and the community experience the work environment over time. By ensuring our office and retail spaces support both daily activity and long-term goals, we create enduring environments that define a legacy far beyond the physical assets themselves.” Atty. Michael Leslie D. Delos Reyes, PHC interim chief operating officer, said.

Beyond its role as a corporate headquarters, the PNB Financial Center now serves as a venue for major events and cultural showcases in Pasay. In photo: Captain’s Hall

PHC’s properties have grown alongside the cities they inhabit and have formed part of their respective skylines as they took shape. The PNB Financial Center continues to hold a prominent position along President Diosdado Macapagal Boulevard in Pasay, while the PNB Makati Center places PHC firmly within the country’s most competitive financial corridor, known for its scale, access, and credibility.

Rooted in the value of its longstanding portfolio, PHC continues to evolve its approach with an eye toward future readiness. The company has focused on elevating asset performance, sharpening leasing initiatives, and positioning select properties for purposeful development. It also continues to introduce innovations that support long‑term relevance, ensuring its developments evolve into sustainable spaces that serve both people and the environment.

This direction becomes visible in the way PHC’s properties have expanded their roles within the city. Once known primarily as the headquarters of the bank and a trusted address for established enterprises, the PNB Financial Center is now a setting for shared moments beyond the workplace. Its event spaces have hosted corporate galas, high‑profile launches, awards nights, and cultural showcases. These layered uses continue to shape the property into a cultural hub that complements Pasay’s growing urban character.

The PNB Makati Center has come into its own as a mixed‑use commercial destination that brings together major corporate offices, co‑working environments, and a carefully curated mix of retail and lifestyle offerings.

“PHC continues the legacy of discipline and long-term perspective associated with our chairman, Dr. Lucio C. Tan, whose vision remains the guiding force for the entire LT Group. This visionary and steady leadership is reflected in the company’s deliberate growth and development priorities. Through proactive stewardship and measured evolution, PHC advances its mission of shaping enduring spaces and defining a legacy that stands the test of time.” Atty. Delos Reyes said.

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Business

PNB Holdings Corp. signs lease agreement with BeFit

by Contributor
written by Contributor

PNB Holdings Corp. (PHC) has signed a lease agreement with homegrown fitness brand BeFit to open a flagship branch at the PNB Makati Center. The new gym will bring a premium yet accessible wellness offering to the 13-story commercial property in the heart of Makati’s Central Business District. 

The ceremonial signing took place last June 24 at PHC’s head office in Makati City and marks BeFit as the newest addition to the property’s growing tenant mix.

BeFit was built with a clear mission: to reshape the health and wellness experience in the Philippines by making high-quality gyms more affordable and convenient. The upcoming 1,300 sqm facility supports this goal by placing Eitness exactly where people need it most, close to home and work. 

“BeFit is about making Eitness something you can actually stick with,” said Brian Cu, co-founder of BeFit and former Grab Philippines President. “We’re building gyms that feel premium but never intimidating, spaces where you can show up just as you are, with no pressure, no contracts, and no gimmicks. That’s why PNB Makati Center felt like the perfect Eit. It aligns with our goal to put movement back into people’s everyday environments.” 

(L-R) PHC COO Joselito R. Consunji, PHC President Karlu T. Say, BeFit Co-founder and Director Brian Cu, and BeFit COO Tania Machado

Inside, members will Eind over 100 machines across cardio, strength, and functional zones, including specialty areas like a Booty Builder section, recovery lounge, and indoor track. Group classes led by expert coaches will offer variety, accountability, and a sense of community. BeFit gyms will operate 24/7 and offer both lock-in and no lock-in memberships, so members can Eind a routine that Eits into their real lives. 

BeFit aims to create a space for movement, connection, and growth, believing that small steps toward an active lifestyle can drive long-term impact across work, relationships, and mental health.

“With BeFit, we are reinforcing our commitment to support lifestyle and wellness in the spaces we manage,” said Joselito R. Consunji, PHC Chief Operating Officer. “Through this partnership, we are creating a more dynamic environment where individuals can thrive whether it’s for work or their overall health.”

With the growing popularity of outdoor activities like run clubs and the steady stream of runners along Ayala Avenue during weekend closures, BeFit’s indoor gym adds a convenient, climate-controlled option for individuals pursuing active lifestyles all year round. 

Over the years, PHC has steadily expanded its tenant profile at PNB Makati Center to include a mix of professional services, dining options, and now, health and wellness providers. The inclusion of BeFit signals a broader effort to build a lifestyle ecosystem within the building, offering tenants amenities that support both work and active living.

BeFit will be opening early access spots for founding members soon, with limited slots and exclusive launch rates. To learn more or join early, visit www.befit.ph or follow @befit.ph on Instagram. 

PNB Makati Center has long been recognized as a prominent business address in Makati’s Central Business District. Under PHC’s management, the property is undergoing a purposeful evolution to meet the changing needs of modern tenants, emphasizing accessibility, comfort, and well-being.

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PNB Holdings Corporation: Transforming legacy into living landmarks

by Contributor
written by Contributor

ACROSS the Philippines, corporate landmarks stand not just as places for doing business, but as monuments to history and vision, each one telling a story shaped by the people who built them and the businesses that have thrived within them.

Two such landmarks are the PNB Financial Center in Pasay City and the PNB Makati Center in the heart of Makati’s central business district. Both owned and managed by PNB Holdings Corp. (PHC), these properties continue to define what it means to create enduring spaces where history meets modern functionality, all while reflecting the country’s continuously evolving business landscape.

PNB Financial Center Amphitheater

The PNB Financial Center, located along Macapagal Boulevard in Pasay City, was built to serve as the headquarters for PNB that would project strength, integrity, and scale for the then state-owned bank. With its expansive interiors and dignified architectural presence, the PNB Financial Center was designed to support large institutional operations while offering the flexibility needed for evolving business needs. Its crown jewel is the Grand Atrium which now doubles as an event venue, showcasing its adaptability and relevance to modern-day demands.

PNB Makati Center, 6754 Ayala Avenue, Makati City

Meanwhile, the PNB Makati Center has long been a familiar presence along Ayala Avenue, standing as an ideal and forward-looking address for businesses in Makati City. When it was first built, it was envisioned as a business hub that could accommodate the needs of companies across a range of industries, and its location and functionality have made it a valuable base of operations for tenants that want to be in the center of the thriving business district.

Today, both properties remain dynamic centers of activity, with consistently high occupancy across office, retail, and event spaces. They continue to attract and serve a diverse mix of businesses from various industries. This sustained performance underscores PHC’s proven capability to manage and maintain environments that evolve with tenant needs.

Central to this success is PHC’s approach to property stewardship, which is guided by a belief that legacy and function are not mutually exclusive. For PHC, buildings with rich histories can be made new again when they are carefully managed, continuously redefined, and aligned with the ever-changing business landscape. The company also sees each property as a long-term investment in tenant success, community building, and economic participation.

“Our approach is rooted in the idea that history and functionality are not opposing forces. Through thoughtful management and purposeful reinvention, we turn heritage into an advantage, creating enduring spaces that are responsive to the evolving needs of our tenants and the wider business community,” said Joselito R. Consunji, chief operating officer.

It also helps that these properties enjoy strategic locations, which can be beneficial for a wide range of players in different industries. The PNB Financial Center is close to the Manila Bay business and lifestyle corridor, with easy access to airports, convention centers, and key government offices. The PNB Makati Center, on the other hand, benefits from being situated in one of the most established commercial zones in the country, where businesses enjoy easy access to banks, hotels, residential towers, and a transportation network that connects them to partners and clients across the metro and beyond.

The ripple effect of PHC’s well-managed and strategically located business hubs extends beyond the properties themselves. When companies succeed in these spaces, it contributes to sector-wide momentum and economic development, fueling job creation, consumer activity, and investor confidence.

“What makes these properties truly special is how they empower the people and businesses within them. When our tenants thrive, it creates more opportunities and, in turn, greater confidence in the economy. At PHC, we take pride in being part of that bigger picture,” said Sarah Velasquez, vice president for leasing management. “These buildings are more than just places to work. They are active contributors to growth, both for industries and for the country.”

As PHC looks ahead, it remains committed to the legacy of the PNB Financial Center and the PNB Makati Center. These properties are not merely icons of the past: they are also springboards for future success, continually refreshed and reimagined to serve the needs of current and next-generation tenants. With these properties, PHC sees a future filled with possibilities, rooted in the lessons of the past while focused on creating more opportunities for the future.

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