PNB Holdings Corp., the property arm of lender Philippine National Bank, said it intends to maximize rental demand by optimizing the revenue potential of its prime real estate assets.
Karlu Tan Say, PNB Holdings president, said the company will be improving the efficiency of its 10-hectare PNB Financial Center in Pasay and the PNB Makati Center in Ayala’s Central Business District by revamping its gross leasable area.
“While we are cautious of the economic environment, we also remain optimistic the ongoing vaccine rollout and the health and safety protocols in place will prompt the imminent reopening of the local economy,” said Tan Say.
“We are excited on planning for the redevelopment of our properties in Makati and Pasay as we see a very huge growth potential in these areas,” she added.
Tan-Say, who is concurrently chief operating officer of Eton Properties Philippines Inc., the real estate arm of the Lucio Tan Group of companies, said PNB Holdings “continuously and meticulously find ways to further enhance developments to better serve the market in the new normal.”
Tan Say said that with a positive base of cash flow, PNB Holdings expects significant increase from its 2020 net income of P200 million by the end of the year.
