Century Properties Group (CPG) Welcomes SSS as Anchor Investor

Century Properties Group, Inc. (CPG) announced that the Social Security System (SSS) acquired a strategic stake in the company through a block sale, marking a significant milestone for CPG.

Century Properties, Inc. (CPI), the majority shareholder of CPG, sold 740,740,741 common shares, with a transaction value of P500 million, to SSS. This acquisition represents about 6.39% ownership in CPG. SSS acquired the shares at a 4.93% discount to CPG’s current market price and is expected to get a dividend yield of approximately 7.8% plus potential capital appreciation. China Bank Capital Corporation (Chinabank Capital) acted 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. Both CPG and SSS share a long-term perspective and remain optimistic about the growth prospects of CPG. 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," said Amb. Jose E.B. Antonio, Executive Chairman of CPG.

"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," said Ryan Martin Tapia, President of Chinabank Capital.
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As part of its core mission, CPG continues to focus on delivering value to its shareholders through sustained business growth, prudent financial management, and innovation in real estate development. CPG drives sustainable growth by balancing its affordable housing and premium residential segments through its Twin Engine Strategy, aiming to allow at least a 15 to 20% growth over a 3 to 5-year period. This dual focus diversifies revenue, enhances resilience, and expands its reach across key growth corridors nationwide. Up to P12B of CAPEX is budgeted for 2025, consisting of up to P10B for its first-home segment PHirst Park Homes and up to P2B for Century’s premium line.