PNB Holdings Corporation (PHC) is envisioned to be the most preferred developer of sustainable high-end luxury properties in the Philippines, as the Company transforms the prime properties it owns into iconic architectural landmarks and world-class master-planned mixed-use developments over the next 15-20 years.
PHC owns the PNB Financial Center in Pasay City, the PNB Makati Center within the Makati Central Business District, and the 8,000-sqm. prime lot (the “PHC Buendia Property”) at the intersection of Sen. Gil J. Puyat Avenue (formerly named Buendia Avenue) and Paseo de Roxas in Makati City, among other investment properties. The combined estimated market value of these three properties is PHP62.6 billion (USD1.14 billion at an exchange rate of PHP 55.00/USD1.00).
PHC is backed by one of the country’s largest conglomerates, the Lucio Tan Group, which has interest in the airline, beverages, tobacco, property development, and banking business, among others. As part of its overall business strategy, PHC seeks to partner with strategic investor(s) who can contribute their property development expertise and track-record, as well as financial resources to develop and transform these prime properties to their potential highest and best use.
PHC intends to apply for Listing by Way of Introduction on the Philippine Stock Exchange in 2024.