Century Properties, Group, Inc. is a real estate company involved in real estate development, marketing, and property management services. As a company, it started operations in 1986 and was listed on the Philippine Stock Exchange under the ticker CPG:PM in 2012. More recently, through a business expansion program into allied sectors of real estate, CPG has diversified from being primarily engaged in in-city vertical residential developments (under its subsidiaries Century City Development Corporation and Century Limitless Corporation) to horizontal affordable housing (through PHirst Park Homes, Inc.) in key growth cities outside Metro Manila and the commercial leasing of retail and office spaces.
As of December 31, 2021, the Company has completed 34 projects, which include the following: 30 residential projects, consisting of 17,169 units with a total gross floor area (GFA) of 1,299,860 sq.m. (inclusive of parking); a retail commercial building with gross leasable area (“GLA”) of 16,443 sqm (inclusive of parking); a medical office building with GLA of 29,968 sqm (inclusive of parking); and two (2) office buildings with GLA of 30,584 sqm (inclusive of parking) and 57,137 sqm (inclusive of parking), respectively.
In addition, the Company has completed a total of 3,507 homes under its affordable housing company, PHirst Park Homes, Inc (PPHI). The Company owns 60% of PPHI under a joint venture partnership with Mitsubishi Corporation.
These completions are in addition to the 19 buildings totaling 4,128 units and 548,262 sq.m. of GFA that were completed prior to 2010 by the founding principals’ prior development companies, the Meridien Group of Companies (“Meridien”). Noteworthy developments under Meridien are 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.
The Company, through subsidiary Century Properties Management, Inc., (“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 the properties it manages maintain and improve their asset value, and are safe and secure. CPMI manages 51 projects covering 99 buildings of December 31, 2021 with 2.75 million sq.m of GFA under management. Of the total, 71% of the projects CPMI manages were developed by third-parties. Notable third-party developed projects under management include the One Corporate Centre 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 and Pasig City.