In the shifting landscape of Philippine commercial real estate, where corporate tenants have grown more deliberate about where they plant their roots, Robinsons Offices has again risen to the top — this time anchored by a 33,400-square-meter pre-leasing commitment at The Jewel's Asscher tower in Mandaluyong, the country's single largest office deal of Q2 2026. The transaction, recorded by CBRE Philippines, reflects a quiet but telling truth: even in a softer market, spaces that marry location, technology, and environmental conscience can still draw serious, long-term commitment. It is the seco
Robinsons Offices Dominates Q2 Leasing With Record Jewel Tower Pre-Lease
Thoughtfully designed workplaces still attract substantial requirements in a soft market
Mark
So Robinsons Offices closed 38,000 square meters in Q2—that's a lot of space. But the real story is the 33,400-square-meter deal at Asscher, right? That's one building?
Mimi
One tower, yes. Asscher is one of four towers planned at The Jewel. The pre-lease alone makes it the largest single office transaction in the Philippines that quarter.
Mark
And they did this two years running? Led the market in Q2 both 2025 and 2026?
Mimi
Correct. Last year they closed nearly 50,000 square meters in Q2, anchored by a 27,100-square-meter deal at GBF Center 2. So this year's 38,000 is actually smaller in total volume, but the Asscher deal is bigger as an individual transaction.
Luke
Wait—so the company's Q2 total is down year-over-year, but they're still leading the market? That suggests the whole market contracted, not just Robinsons.
Mimi
That's fair. CBRE's reporting focuses on Robinsons leading developers, not on whether the overall market grew or shrank. The broader context is that demand has concentrated in Metro Manila and tenants are being more selective about location and building quality.
Mark
The Jewel is at EDSA and Pioneer. That's central. But what makes a company willing to pre-lease 33,400 square meters in a soft market?
Mimi
According to Jericho Go, Robinsons' general manager, it's the combination: thoughtful design, location, technology, and environmental features. The building has smart elevators, high ceilings, flexible spaces, sustainability systems, and a planned link to the MRT-3 station.
Luke
Those are all features Robinsons is claiming matter. But we don't know which of those actually moved the tenant to sign. Was it the MRT link? The floor heights? The sustainability? The quote doesn't tell us.
Mimi
True. Go is making a case for why the deal happened, but the source material doesn't identify the actual tenant or their specific requirements.
Mark
When does The Jewel open?
Mimi
The mall and first two towers—Asscher and Trilliant—are targeted for 2028. The other two towers in 2030, subject to market conditions.
Luke
"Subject to market conditions" is important. That's a hedge. If the market softens further, those timelines could slip.
Mark
So this pre-lease is a vote of confidence in the location and the product, even if the broader office market is weak.
Mimi
Exactly. It suggests that in a selective market, the right building in the right place can still attract major tenants.
Der Puls
- The broader Philippine office market has softened, yet one transaction — 33,400 square meters at The Jewel's Asscher tower — has cut through the quiet to become the country's largest office deal of the quarter.
- Corporate tenants are no longer leasing indiscriminately; they are concentrating in Metro Manila's newer, pedigreed buildings, raising the stakes for developers who cannot offer both quality and credibility.
- Robinsons Offices has responded not with discounts but with design — smart elevators, 4.2-meter floor heights, double-glazed curtain walls, and a proposed MRT-3 link bridge that could reshape the daily commute for thousands of workers.
- The Jewel's EDSA-Pioneer address places it within reach of six major business districts, giving tenants a rare geographic flexibility that few single developments can claim.
- With The Jewel's first two towers targeted for 2028 and the remaining two for 2030, the Asscher pre-lease signals that companies are willing to commit years in advance — if the promise of the space is compelling enough.
In the shifting landscape of Philippine commercial real estate, where corporate tenants have grown more deliberate about where they plant their roots, Robinsons Offices has again risen to the top — this time anchored by a 33,400-square-meter pre-leasing commitment at The Jewel's Asscher tower in Mandaluyong, the country's single largest office deal of Q2 2026. The transaction, recorded by CBRE Philippines, reflects a quiet but telling truth: even in a softer market, spaces that marry location, technology, and environmental conscience can still draw serious, long-term commitment. It is the second consecutive year Robinsons Offices has led the market in second-quarter leasing volume, suggesting that consistency of vision, not just circumstance, is at work.
Robinsons Offices ended the second quarter of 2026 at the top of the Philippine office leasing market, driven by a 33,400-square-meter pre-leasing commitment at Asscher — one of four planned towers at The Jewel development in Mandaluyong City. The deal, the country's largest individual office transaction of the quarter, pushed the company's total Q2 leasing volume to 38,000 square meters, according to CBRE Philippines' Q2 2026 Market Monitor.
It is the second straight year Robinsons Offices has led the market in second-quarter leasing. In Q2 2025, the company closed nearly 50,000 square meters anchored by a major deal at GBF Center 2. The back-to-back performance points to a deliberate strategy rather than fortunate timing, particularly as the market has grown more selective.
Jericho P. Go, general manager and senior vice president of Robinsons Offices, described the Asscher transaction as proof that well-designed, well-located, and environmentally responsible workplaces can still attract major tenant commitments even when overall demand is subdued. CBRE's data supports the observation: occupiers are gravitating toward newer buildings from established developers, concentrating activity in Metro Manila rather than spreading it broadly.
The Jewel's position at the corner of EDSA and Pioneer Street gives it access to Makati, BGC, Ortigas, San Juan, Quezon City, and Manila — a geographic reach that few single addresses can match. The four towers, collectively called the ATMP Towers, will be joined by an upscale shopping mall. The first two towers and the mall are targeted for completion by 2028, with the final two following in 2030.
The buildings are designed with the evolving workplace in mind: smart destination-control elevators, generous floor-to-ceiling heights, 12-meter lobbies, rainwater collection, energy-efficient air-conditioning, EV charging stations, and a proposed pedestrian link to MRT-3's Boni Station. The Asscher pre-lease, years before the tower opens, suggests that when a development earns trust on all these dimensions, corporate tenants are willing to commit early and at scale.
Robinsons Offices closed the second quarter of 2026 with the country's largest office transaction of the period: a 33,400-square-meter pre-leasing commitment at Asscher, one of four planned towers at The Jewel in Mandaluyong City. The deal pushed Robinsons Offices to the top of Philippine developers in total leasing volume for the quarter, with 38,000 square meters in transactions recorded across its portfolio, according to CBRE Philippines' Q2 2026 Market Monitor.
This marks the second consecutive year the company has led the market in second-quarter leasing. In Q2 2025, Robinsons Offices closed nearly 50,000 square meters in new transactions, anchored by a 27,100-square-meter deal at GBF Center 2, which was the country's top-performing office tower that period. The consistency reflects a deliberate strategy in a market that has grown more selective about where companies choose to locate.
The Asscher transaction arrives as corporate tenants have become increasingly discerning about office space. CBRE noted that demand has concentrated in Metro Manila, with occupiers gravitating toward newer buildings developed by major property companies with established track records. Jericho P. Go, general manager and senior vice president of Robinsons Offices, framed the deal as evidence that premium, thoughtfully designed workplaces can still command substantial tenant commitments even when the broader market softens. "The scale of the Asscher transaction shows how thoughtfully designed, well-located, technologically equipped, and environmentally friendly workplaces can still attract substantial requirements in a soft market," Go said.
The Jewel sits at the corner of EDSA and Pioneer Street, positioning it within reach of Makati, Bonifacio Global City, Ortigas, San Juan, Quezon City, and Manila. The development will eventually comprise four office towers—Asscher, Trilliant, Marquise, and Peruzzi, collectively branded as the ATMP Towers—alongside an upscale shopping mall. The mall and first two towers are targeted for completion by 2028, with the remaining two towers scheduled for 2030, subject to market conditions.
The buildings themselves are engineered for the modern workplace. They will feature smart elevators with destination control systems, 4.2-meter floor-to-floor heights, and 12-meter-high office lobbies. A proposed link bridge to the MRT-3 Boni Station is intended to ease commuting for employees and visitors. The development incorporates sustainability measures including rainwater collection systems, energy-efficient air-conditioning, double-glazed curtain walls, and electric-vehicle charging stations. Open spaces and flexible collaboration areas are planned throughout, reflecting how companies are rethinking office layouts as work patterns evolve.
Robinsons Offices operates PEZA-registered and green-certified developments across Metro Manila and regional centers. The Asscher pre-lease signals that despite a softer office market, companies remain willing to commit substantial space to buildings that combine location, technology, and environmental responsibility.
Bemerkenswerte Zitate
The scale of the Asscher transaction shows how thoughtfully designed, well-located, technologically equipped, and environmentally friendly workplaces can still attract substantial requirements in a soft market.— Jericho P. Go, general manager and senior vice president, Robinsons Offices
Möchten Sie die ganze Geschichte?
Das Original lesen bei insiderph.com ↗
Economy & Finance