Century Properties Group, Inc., (“CPGI”) is one of the leading real estate companies in the Philippines with thirty-seven (37) years of experience. The Company is primarily engaged in the development, marketing, and sale of mid- and high-rise condominiums and single detached homes, leasing of retail and office space, and property management.
As of December 31, 2022, the Company has completed 38 projects, which include 33 residential projects, consisting of 18,559 units and an aggregate gross floor area (“GFA”) of 1,465,312 sqm (inclusive of parking) and a retail commercial building with a gross leasable area (“GLA”) of 16,443 sqm (inclusive of parking); a medical office building with GLA of 29,968 sqm (inclusive of parking); two (2) office buildings with GLA of 30,584 sqm (inclusive of parking) and 57,137 sqm (inclusive of parking), respectively, and CPGI’s first hospitality venture, a 152-room hotel with 12,538 sqm (inclusive of parking). Furthermore, the Company has also completed 6,002 homes under its affordable housing segment. These are in addition to the 19 buildings consisting of 4,128 units with an aggregate GFA of 548,262 sqm that were completed prior to 2010 by the Meridien Group of Companies (“Meridien”), the founding principals’ prior development companies. Noteworthy developments of Meridien include The Essensa East Forbes and South of Market in Fort Bonifacio, SOHO Central in the Greenfield District of Mandaluyong City, Pacific Place in Ortigas, Le Triomphe, Le Domaine, and Le Metropole in Makati City.
YEARS OF EXPERIENCE
start of company operations
total units completed
million total square meters developed
acres in 14 master-planned communities
The Company, through its subsidiary CPMI also engages in a wide range of property management services, from facilities management and auction services, to lease and secondary sales. Through CPMI, the Company endeavors to ensure that the properties it manages maintain and improve their asset value and are safe and secure. As of December 31, 2022, CPMI manages 58 projects with a total of 106 buildings and 3.45 million sq. m of GFA (inclusive of parking) under management. Of the total CPMI projects under management, 67% of the projects were developed by third parties. Notable third-party developed projects under management include the One Corporate Center and Union Bank Plaza in Ortigas, Pacific Star Building in Makati City, and various buildings of Bank of the Philippine Islands and Philippine National Bank located in Manila, Makati City, Pasig City, Naga and Bacolod.
On October 26, 2022, the Company launched its new Century NULIV business unit, a brand for a new residential concept that offers townhouses and other low-rise structures that are situated in key growth areas. Its maiden project, Century NULIV Townvillas at Acqua features a low-density high street with 22 multi-storey houses and lots on an exclusive road behind Acqua Private Residences.
In October 2022, Century Spire in Century City, was completed. The 50-storey tower is a mixed-use development designed by Daniel Libeskind, the visionary architect behind New York’s Ground Zero.
In December 2022, the last tower at The Residences at Commonwealth, Quezon South, was completed. All 8 towers of the 4.4-hectare project of CPGI located in its first master-planned residential community development in Quezon City have been completed.
The Company, through PHirst Park, launched PHirst Park Homes Naic and PHirst Park Homes Balanga in the fourth quarter of 2021 and the second quarter of 2022, respectively, with 400 houses valued at ₱0.7 Billion and 732 houses valued at ₱1.2 Billion. The Company has also expanded its horizontal housing brand which will cater to different market segments of first-home buyers with the objective to address the strong housing demand in the Philippines. The Company launched its maiden middle-income development, PHirst Editions Batulao, a horizontal residential project in Nasugbu, Batangas, located adjacent to the existing PHirst Park Homes Batulao community.
On December 15, 2022, Novotel Suites Manila, CPGI’s first hospitality venture, opened its doors to both leisure and business guests. Novotel Suites Manila, housed at the sixth and final tower of Acqua Private Residences, is a 152-room hotel conceptualized by CPGI, in partnership with Accor, a multinational hospitality company.
The Company’s principal shareholder is Century Properties, Inc. who owns 7,536,959,787 shares or 64.98% as of December 31, 2021. Public ownership of the Company is at 32.48%.
The Company’s principal shareholder is Century Properties, Inc. who owns 7,912,834,947 shares or 68.22% as of June 30, 2023. Public ownership of the Company is at 29.24%.
In 2006, the Company bought a portion of the lot formerly occupied by the International School of Manila. Using its experience in developing buildings and infrastructure, the Company incorporated CCDC on December 19, 2006 to expand Century’s business into large-scale mixed-use developments. Presently, the said area located in Kalayaan Avenue, Makati is the venue for CCDC’s residential projects: Milano Residences, The Gramercy Residences, The Knightsbridge Residences, and Century Spire. It also houses the Centuria Medical Center, a one-stop outpatient medical-IT facility; and Century City Mall.
In its 2022 financial reports, the company reported a Php1.4 billion net income. The Company’s total revenue amounted to Php 11.1 billion in 2022, with real estate revenue of Php 9.2 billion, leasing revenue of Php1.36 billion, and property management fee and other services of Php 0.423 billion.