Real Estate Philippines

Century wins ruling vs. Okada

Century Properties Group Inc. said Tuesday it obtained a court order stopping the group of Japanese billionaire Kazuo Okada from terminating their investment deal to develop the $2-billion Manila Bay Resorts in Parañaque City. Century Properties said the Makati regional trial court issued an injunction on July 25, prohibiting the Okada group from terminating the [...]

By | July 30th, 2014|Uncategorized|

Century Properties secures court order vs Okada

MANILA, Philippines - Century Properties Group Inc. has regained temporary court  protection preventing Japanese gaming tycoon Kazuo Okada from terminating  a partnership deal for a luxury residential development in a  $2-billion megacasino project in Parañaque. In a regulatory filing, the property firm of the Antonio family said it  secured a new court order that barred [...]

By | July 30th, 2014|Uncategorized|

Makati trial court grants preliminary injunction to Century on Okada row

THE Regional Trial Court (RTC) in Makati  has granted Century Properties Group Inc. a preliminary injunction over its row with the Okada gaming project in Entertainment City. The company said RTC Branch 66 has granted the injunction on July 25 for its case against Eagle I Landholdings Inc., the main company used by Japanese gaming [...]

By | July 30th, 2014|Uncategorized|

RTC orders stay on canceled Okada deal

CENTURY PROPERTIES Group, Inc. said it has secured an order from the Makati Regional Trial Court (RTC) prohibiting companies associated with Japanese casino operator Kazuo Okada from dealing with any other party for the development of a joint commercial and residential project in Parañaque City. In a disclosure on Tuesday, the company said the July [...]

By | July 30th, 2014|Uncategorized|

Makati court freezes Okada -Century deal termination

The Okada Group, developer of the $2-million Manila Bay Resorts led by Japanese billionaire Kazuo Okada, has been ordered by the Makati Regional Trial Court to freeze the proceedings of its termination of a deal with Century Properties Group Inc. In a statement emailed to the media on Tuesday, Century Properties — a local property [...]

By | July 30th, 2014|Uncategorized|

Court stops Okada group from reneging on casino deal

The casino group is also barred from selling shares and dealing with any party other than Century Properties for the development of Manila Bay Resorts MANILA, Philippines – Century Properties Group Incorporated (CPG) has obtained a court order stopping Japanese gaming tycoon Kazuo Okada from terminating their investment agreement for the development of the $2-billion [...]

By | July 30th, 2014|Uncategorized|

Court tells Okada group: You can’t abort deal with Century Properties

MANILA, Philippines—Property developer Century Properties Group has obtained a court order preventing the group of Japanese gaming magnate Kazuo Okada from terminating their real еstatе partnership in controversial entertainment complex “Manila Bay Resorts.” Century Properties said the Makati Regional Trial Court Branch 66, in an order dated July 25, granted its application for preliminary prohibitory [...]

By | July 30th, 2014|Uncategorized|

Century Properties to build hotel in Pampanga township project

MANILA – Century Properties will build a businessman's hotel in the real еstatе firm's maiden township project outside Metro Manila. Century Properties Group Inc chairman Jose E.B. Antonio last week told reporters that Azure North in Pampanga, an out-of-city replica of Azure Urban Resort Residences in Paranaque, will house a three-star hotel with 150-200 rooms. [...]

By | July 28th, 2014|Uncategorized|

Century Properties to expand commercial leasing business

After opening its 50,000 square meter Century City Mall in Makati last March, Century Properties plans to add 150,000 square meters more by 2019. The company known for high-end residential developments with celebrities like Paris Hilton says it plans to expand its commercial leasing business. Once completed, Century expects to generate up to P1 billion [...]

By | July 25th, 2014|Uncategorized|

Century Properties hikes capitalization to P9.54B

LISTED Century Properties Group Inc. disclosed on Thursday its planned increase in capitalization to P9.54 billion. The company’s board of directors green lighted the hike in authorized capital stock from P5.3 billion, divided into 10 billion common shares at P0.53 apiece, divided into 18 billion common shares, each valued P0.53. The increase in capital stock [...]

By | July 25th, 2014|Uncategorized|