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Century Properties gains full ownership of first-home business

Century Properties Group (CPG) has fully acquired PHirst, its first-home residential venture, marking a milestone five years after entering a joint venture with Mitsubishi Corporation. In May 2023, CPG’s board of directors approved the company’s acquisition of a substantial 40percent ownership stake previously held by Mitsubishi Corporation in two entities,…

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Century Properties banks on affordable housing to bolster 2024

Century Properties banks on affordable housing to bolster 2024
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CPG targeting to raise ₧5Bvia sale of preferred shares • VG Cabuag

The board of Century Properties Group Inc. (CPG) has approved the company’s follow-on offering of preferred shares from which the company is aiming to raise as much as P5 billion. In its disclosure, the company said the board has approved CPG’s issuance of up to 50 million preferred shares with a par value of 53

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Century Properties H1 income up 20%

Century Properties Group Inc. (CPG) on Thursday said its income in the first half rose 20 percent to P656 million from P548 million last year. Revenues went up by 27 percent to P6.74 billion from P5.31 billion in 2022. The company’s executive chairman, Jose E.B. Antonio, said the revenue growth…

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CPG redeems P3-B preferred shares

Real estate developer Century Properties Group Inc. (CPG) has fully redeemed its P3-billion preferred shares. The said shares, which were cumulative, non-voting, non-convertible, non-participating, redeemable peso-denominated, were issued by the company and listed on the Philippine Stock Exchange on January 10, 2020. The company’s board approved the optional redemption of…

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