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| Company type | Real Estate Developer (Public) |
|---|---|
| (PSE: CPG) | |
| Industry | Property |
| Founded | Manila, Philippines (1986) |
| Headquarters | 21st Floor, Pacific Star Building, Sen. Gil Puyat Avenue corner Makati Avenue, Makati, Philippines |
Key people |
|
| Revenue | PHP 14.32 billion  (2019)[1] |
| PHP 1.48 billion (2019)[1] | |
Number of employees | 2,171 (2019) |
| Website | www.century-properties.com |
Century Properties Group 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, 2020, the company has completed 32 projects, which include the following: 28 residential buildings, consisting of 15,563 units with a total gross floor area (GFA) of 1,239,375 sq.m. (inclusive of parking); a retail commercial building with gross leasable area (“GLA”) of 26,919 sq.m. (inclusive of parking); a medical office building with GLA of 45,103 sq.m. (inclusive of parking); and two (2) office buildings with GLA of 31,952 sq.m. (inclusive of parking) and 63,101 sq.m. (inclusive of parking), respectively.
In addition, the company has completed a total of 1,536 homes under its affordable housing company, PHirst Park Homes, Inc (PPHI), which it co-owns with joint-venture partner 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 52 projects covering 66 buildings of December 31, 2020 with 3.58 million sq.m of GFA under management. Of the total, 73% of the projects CPMI manages were developed by third-parties. Notable third-party developed projects under management include the One Corporate Centre and One San Miguel Avenue Condominium in Ortigas, BPI Makati Offices and Pacific Star Building in Makati City and Philippine National Bank Financial Center in Pasay City.