while staying safe at home - century-properties.com€¦ · PHirst Park Homes, Inc. (PPHI), the...
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A U G - S E P T 2 0 2 0 [email protected] #CenturyAtYourService TOP NEWS — Century Properties Group poised to grow leasing, aordable housing stake Company cites Innovation, Resilience and Growth, Sustainability as core guiding principles With a strong balance sheet and increased liquidity, the listed real estate rm Century Properties Group [CPG:PM] said it is well positioned to continue its expansion to leasing and aordable housing, and face the Next Normal guided by the principles of Innovation, Resilience and Growth, and Sustainability. President and Chief Executive Ocer Marco R. Antonio addressed stockholders in an online meeting on Thursday, where he noted that CPG maintains a positive outlook at these two high- growth business segments and will continue to “diversify our portfolio towards the original goal of balanced contributions from aordable housing, commercial leasing, and in-city vertical developments businesses,” he said. Read the article here. Watch the CPG President & CEO’s Message here. Century Properties Group further grows high-margin business segments for 1H 2020 Aordable housing, leasing businesses contribute 42% or P225M to net income The listed property developer Century Properties Group, Inc. (CPG:PM) has sustained the growth of its horizontal aordable housing and commercial leasing businesses for the rst semester of 2020, consistent with its strategy of balancing its asset portfolio with in-city vertical developments and diversifying its revenue streams. Of the Php4.52 billion consolidated revenues for the rst of half of 2020, the combined contributions of the horizontal aordable housing and commercial leasing businesses are now at Php1.27 billion or 28% of total revenues, up from just 15% of the same period last year. The combined net income from the two business segments of Php225 million or 42% of the total net income of P546 million, is much higher than the 29% contribution level of the same period last year. Read the article here. LEASING Century Properties Group grows recurring income assets Company acquires 40% stake of Mitsubishi Corporation’s subsidiary in Makati oce building Condent of the resilience of the oce leasing market, the listed real estate rm Century Properties Group [CPG:PM] has announced that it is adding 25,000 square meters of oor area to its commercial leasing portfolio, growing it to 137,000 square meters of gross oor area this year. The additional leasing space will come from CPG’s acquisition of joint venture partner Mitsubishi Corporation’s subsidiary’s 40% stake in the newly-completed Century Diamond Tower. The 41- oor pre-LEED certied oce building in Century City, Makati has 63,000 square meters of gross oor area. This will account for a signicant bulk of CPG’s recurring revenues in the coming years. CPG and Mitsubishi entered into a partnership agreement on August 7, 2015 under the joint- venture company Century City Development II Corporation (CCDCII). With the former able to realize a good return on investment for its partner, both companies have mutually entered into a buyout transaction for CPG to acquire Mitsubishi’s common shares in CCDCII for Php1.9 billion. The transaction, which was approved by the Philippine Competition Commission on August 11, 2020, will make CCDCII a wholly-owned subsidiary of CPG. Read the article here. AFFORDABLE HOUSING PHirst Park Homes to build 7th project in Magalang, Pampanga PHirst Park Homes, Inc. (PPHI), the First Home Buyer Brand of Century Properties Group and Mitsubishi Corporation, has announced the acquisition of a 10-hectare property in Magalang, Pampanga for its seventh horizontal housing development this year on the back of its strong sales for the rst half of 2020. The Pampanga project will be PPHI’s second community in the north after Pandi, Bulacan. The rst phase will oer more than 500 house and lot units. “PHirst Park Homes has maintained its sales momentum and is quite pleased by the market’s demand for house and lot units. Our positive sales for the rst half of 2020 sets us on track with our next development launch, which will be our second project in the north and seventh in total,” PPHI President Ricky M. Celis said. Read the article here. CONDOMINIUMS #YouNeedSpace for a New Beginning Find it at Commonwealth by Century in Quezon City No more than ever, we need to value space and how having enough room to move around allows us to breathe easy and do the things we love. The Residences at Commonwealth by Century in Quezon City, a sprawling gated community that features eight mid-rise towers, open spaces, and family-friendly amenities, oers spacious units in a convenient location that puts you in the middle of the city while still giving you the serenity you deserve. Read the article here. CENTURY CITY MALL Shop for Your Essentials with the Help of Century City Mall’s Virtual Assistants Recognizing the need of mall-goers to feel safe in these trying times, Century City Mall has launched its slew of online initiatives that aim to bring the mall and its oerings closer to its customers. By following Century City Mall on Facebook and with just a few taps on your mobile phone or laptop, you can have your favorite food and other supplies delivered to your doorstep. Century City Mall’s Virtual Buddy is every shopper’s online mall assistant who can answer queries, make advance orders or reserve items through the mall’s Facebook page from 8am to 8pm, daily. Food To-Go is a delivery assistance to residents and tenants within Century City, Bel- Air Village, and San Miguel Village. The Century Shopper service can do personal shopping for you in all of the mall’s retail shops and supermarket. Read the article here. Follow Century City Mall on Facebook. CENTURIA MEDICAL MAKATI At Centuria Medical Makati, you can feel safe Centuria Medical Makati, the largest and most comprehensive outpatient medical facility in the Philippines, continues to be COVID-free and delivers healthcare services with the highest safety protocols. #CenturyAtYourService Own a Century home while staying safe at home We at Century Properties value your health and safety above all else. We’ve made it easier for you to nd your forever home without leaving the comforts of your couch. Watch it here.
Transcript of while staying safe at home - century-properties.com€¦ · PHirst Park Homes, Inc. (PPHI), the...
A U G - S E P T 2 0 2 0
#CenturyAtYourService
TOP NEWS —
Century Properties Group poised to growleasing, a�ordable housing stakeCompany cites Innovation, Resilience and Growth,Sustainability as core guiding principles
With a strong balance sheet and increased liquidity, the listed real estate �rm Century PropertiesGroup [CPG:PM] said it is well positioned to continue its expansion to leasing and a�ordablehousing, and face the Next Normal guided by the principles of Innovation, Resilience andGrowth, and Sustainability.
President and Chief Executive O�cer Marco R. Antonio addressed stockholders in an onlinemeeting on Thursday, where he noted that CPG maintains a positive outlook at these two high-growth business segments and will continue to “diversify our portfolio towards the original goalof balanced contributions from a�ordable housing, commercial leasing, and in-city verticaldevelopments businesses,” he said.
Read the article here.Watch the CPG President & CEO’s Message here.
Century Properties Group further growshigh-margin business segments for 1H 2020A�ordable housing, leasing businesses contribute 42% or P225M tonet income
The listed property developer Century Properties Group, Inc. (CPG:PM) has sustained the growthof its horizontal a�ordable housing and commercial leasing businesses for the �rst semester of2020, consistent with its strategy of balancing its asset portfolio with in-city verticaldevelopments and diversifying its revenue streams.
Of the Php4.52 billion consolidated revenues for the �rst of half of 2020, the combinedcontributions of the horizontal a�ordable housing and commercial leasing businesses are nowat Php1.27 billion or 28% of total revenues, up from just 15% of the same period last year. Thecombined net income from the two business segments of Php225 million or 42% of the total netincome of P546 million, is much higher than the 29% contribution level of the same period lastyear.
Read the article here.
L E A S I N G
Century Properties Group grows recurringincome assetsCompany acquires 40% stake of Mitsubishi Corporation’s subsidiaryin Makati o�ce building
Con�dent of the resilience of the o�ce leasing market, the listed real estate �rm CenturyProperties Group [CPG:PM] has announced that it is adding 25,000 square meters of �oor areato its commercial leasing portfolio, growing it to 137,000 square meters of gross �oor area thisyear.
The additional leasing space will come from CPG’s acquisition of joint venture partner MitsubishiCorporation’s subsidiary’s 40% stake in the newly-completed Century Diamond Tower. The 41-�oor pre-LEED certi�ed o�ce building in Century City, Makati has 63,000 square meters of gross�oor area. This will account for a signi�cant bulk of CPG’s recurring revenues in the comingyears.
CPG and Mitsubishi entered into a partnership agreement on August 7, 2015 under the joint-venture company Century City Development II Corporation (CCDCII). With the former able torealize a good return on investment for its partner, both companies have mutually entered intoa buyout transaction for CPG to acquire Mitsubishi’s common shares in CCDCII for Php1.9 billion.The transaction, which was approved by the Philippine Competition Commission on August 11,2020, will make CCDCII a wholly-owned subsidiary of CPG.
Read the article here.
A F F O R D A B L E H O U S I N G
PHirst Park Homes to build 7th project inMagalang, Pampanga
PHirst Park Homes, Inc. (PPHI), the First Home Buyer Brand of Century Properties Group andMitsubishi Corporation, has announced the acquisition of a 10-hectare property in Magalang,Pampanga for its seventh horizontal housing development this year on the back of its strongsales for the �rst half of 2020.
The Pampanga project will be PPHI’s second community in the north after Pandi, Bulacan. The�rst phase will o�er more than 500 house and lot units.
“PHirst Park Homes has maintained its sales momentum and is quite pleased by the market’sdemand for house and lot units. Our positive sales for the �rst half of 2020 sets us on track withour next development launch, which will be our second project in the north and seventh intotal,” PPHI President Ricky M. Celis said.
Read the article here.
C O N D O M I N I U M S
#YouNeedSpace for a New BeginningFind it at Commonwealth by Century in Quezon City
No more than ever, we need to value space and how having enough room to move aroundallows us to breathe easy and do the things we love. The Residences at Commonwealth byCentury in Quezon City, a sprawling gated community that features eight mid-rise towers, openspaces, and family-friendly amenities, o�ers spacious units in a convenient location that putsyou in the middle of the city while still giving you the serenity you deserve.
Read the article here.
C E N T U R Y C I T Y M A L L
Shop for Your Essentials with the Help ofCentury City Mall’s Virtual Assistants
Recognizing the need of mall-goers to feel safe in these trying times, Century City Mall haslaunched its slew of online initiatives that aim to bring the mall and its o�erings closer to itscustomers. By following Century City Mall on Facebook and with just a few taps on your mobilephone or laptop, you can have your favorite food and other supplies delivered to your doorstep.Century City Mall’s Virtual Buddy is every shopper’s online mall assistant who can answerqueries, make advance orders or reserve items through the mall’s Facebook page from 8am to8pm, daily. Food To-Go is a delivery assistance to residents and tenants within Century City, Bel-Air Village, and San Miguel Village. The Century Shopper service can do personal shopping foryou in all of the mall’s retail shops and supermarket.
Read the article here.Follow Century City Mall on Facebook.
C E N T U R I A M E D I C A L M A K A T I
At Centuria Medical Makati,you can feel safeCenturia Medical Makati, the largest and most comprehensive outpatient medical facility in thePhilippines, continues to be COVID-free and delivers healthcare services with the highest safetyprotocols.
# C e n t u r y A t Y o u r S e r v i c e
Own a Century homewhile staying safe at home
We at Century Properties value your health and safety above all else. We’ve made it easier foryou to �nd your forever home without leaving the comforts of your couch.
Watch it here.
