Century Properties Group, Inc. (CPG) today announced that the Social Security System (SSS) has acquired a significant strategic stake in the company through a block sale, marking a pivotal milestone for CPG.
Century Properties, Inc. (CPI), the majority shareholder of CPG, sold 740,740,741 common shares to SSS in a transaction valued at Php500 million. This acquisition represents approximately 6.39% ownership in CPG. SSS acquired these shares at a 4.93% discount to CPG’s current market price and is expected to receive a dividend yield of approximately 7.8% along with potential capital appreciation. China Bank Capital Corporation (Chinabank Capital) served as the advisor and arranger for this transaction.
“We are honored to have the Social Security System (SSS) as an anchor investor in Century Properties Group,” said Amb. Jose E.B. Antonio, Executive Chairman of CPG. “Both CPG and SSS share a long-term perspective and remain optimistic about CPG’s growth prospects. This collaboration reinforces our shared vision for sustainable growth and value creation. We are committed to ensuring this partnership translates into tangible benefits for the SSS fund.”
Ryan Martin Tapia, President of Chinabank Capital, added, “We are very pleased that SSS found a compelling investment opportunity in CPG. The market is taking notice of the company’s strong fundamentals and growth prospects, and we are confident that management will continue to create value for all CPG shareholders.”
CPG remains dedicated to its core mission of delivering value to shareholders through sustained business growth, prudent financial management, and innovation in real estate development. The company drives sustainable growth by balancing its affordable housing and premium residential segments through its Twin Engine Strategy, aiming for at least 15% to 20% growth over a three to five-year period. This dual focus diversifies revenue, enhances resilience, and expands CPG’s reach across key growth corridors nationwide. For 2025, CPG has budgeted up to Php12 billion in CAPEX, with up to Php10 billion allocated for its first-home segment, PHirst Park Homes, and up to Php2 billion for Century’s premium line.
