PNB Holdings seals fresh long-term lease with Giftaway

Insider Spotlight

• PNB Holdings signed a new five-year lease with Giftaway for its headquarters at PNB Makati Center
• The Makati property contributed 26 percent of PNB Holdings’ revenues in the first half of 2026
• The deal comes as PNB Holdings prepares for its listing by way of introduction on the Philippine Stock Exchange
  
  
  

PNB Holdings Corp. has secured a new five-year lease agreement with Giftaway Inc., extending the technology company’s stay at PNB Makati Center along Ayala Avenue.

Giftaway has maintained its headquarters at the property since 2018. The Philippine-based company provides digital rewards, incentives and eGift solutions to businesses across various industries.

Long-term tenant

The renewal provides PNB Holdings with a longer-term tenant at a property that accounts for a significant portion of the real estate company’s revenues.

PNB Makati Center generated 26 percent of PNB Holdings’ revenues in the first half of 2026. During the period, consolidated revenues climbed 26 percent to P634.3 million, while net income surged 85.3 percent to P209.9 million.

Real estate portfolio

PNB Holdings owns and manages commercial real estate beyond its Makati Center property. Its portfolio includes PNB Financial Center in Pasay City and a prime 8,000-square-meter lot along the corridor of Buendia and Paseo De Roxas in Makati City.

The company also recently reported total assets of P50.894 billion, giving investors another measure of the scale of its property holdings as it moves toward the public market.

Key revenue asset

PNB Holdings is preparing for its listing by way of introduction on the Philippine Stock Exchange, placing greater attention on the performance of its income-generating properties and leasing activities.

The Giftaway renewal keeps an existing corporate tenant at one of the company’s key revenue-generating assets as PNB Holdings moves toward its planned stock market listing. —Vanessa Hidalgo | Ed: Corrie S. Narisma