MAKATI CITY — Workspace solutions provider AXON Group has entered into a long-term lease agreement with Ayala Land Offices (ALO), taking over the property previously known as the Teleperformance Center Ayala. The deal marks a significant milestone for the building as it begins a new phase focused on more diversified and future-ready operations. The transaction also highlights sustained confidence in the Makati Central Business District office market, where demand for strategically located and flexible workspaces continues to remain resilient despite broader economic challenges.
A Partnership Focused on the Future of Work
According to AXON Managing Director Sherwin Dela Cruz, modern businesses are increasingly prioritizing workplace environments that support adaptability, collaboration, efficiency, and growth. “Beyond location, organizations are looking for environments that support speed, flexibility, collaboration, and long-term operational efficiency,” Dela Cruz said.
Under the agreement, AXON will transform the former single-tenant BPO facility into a modern, integrated workspace hub tailored to meet the needs of enterprise occupiers. Ayala Land Offices President and CEO Hamm Katipunan emphasized that workplace expectations have evolved significantly in recent years. “Companies today are looking beyond traditional office space. They are seeking environments that can support collaboration, flexibility, talent attraction, and long-term operational resilience,” Katipunan said.
Continued Confidence in Makati’s Office Sector
The lease comes as Makati CBD continues to attract premium office tenants despite a slower overall office market. Industry data shows that traditional occupiers, including flexible workspace operators, accounted for a substantial share of office transactions during the first quarter of 2026. Demand from sectors such as IT-BPM, coupled with limited new office supply, has helped sustain healthy occupancy levels across prime business districts. These factors continue to reinforce Makati’s reputation as one of the country’s most sought-after office locations.
Revitalizing a Landmark Ayala Avenue Property
Situated along Ayala Avenue, the former Teleperformance Center will be redeveloped into a next-generation workplace designed to emphasize flexibility, operational efficiency, reliability, and long-term scalability. AXON’s latest expansion in Makati reflects the company’s commitment to delivering innovative workplace solutions within the country’s leading financial and business district. The partnership is viewed as a strategic win for both AXON and Ayala Land Offices, further strengthening Makati’s position as a hub for modern and future-ready office developments.
