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Manila Bulletin devider Business devider The Stock Market devider Century Properties welcomes SSS as anchor investor after strategic ₱500-million acquisition

Century Properties welcomes SSS as anchor investor after strategic ₱500-million acquisition

Published Jul 18, 2025 03:43 pm
Century Properties Group Inc. (CPG) welcomed the state-run pension fund Social Security System (SSS) as its anchor investor after the fund acquired ₱500-million worth of shares from the Antonio family through a block sale.
In a statement, the firm said the acquisition of a strategic stake from majority shareholder Century Properties Inc. (CPI) by the SSS, which looks after private-sector pensioners and workers, marks a significant milestone for CPG.
CPI sold to the SSS 740.74 million common CPG shares representing about 6.39-percent ownership in CPG. The SSS acquired the shares at a 4.93-percent discount to CPG’s current market price and is expected to get a dividend yield of approximately 7.8 percent plus potential capital appreciation.
China Bank Capital Corp. (Chinabank Capital) acted as the advisor and arranger for this transaction.
“We are honored to have the SSS as an anchor investor in CPG. Both CPG and the SSS share a long-term perspective and remain optimistic about the growth prospects of CPG,” said CPG Executive Chairman Amb. Jose E.B. Antonio.
He noted that, “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.”
“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 Chinabank Capital President Ryan Martin Tapia.
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-percent growth over a three- to five-year period.
This dual focus diversifies revenue, enhances resilience, and expands its reach across key growth corridors nationwide. Up to ₱12 billion in capital expenditures (capex) is budgeted for 2025, consisting of up to ₱10 billion for its first-home segment PHirst Park Homes and up to ₱2 billion for Century’s premium line.

Related Tags

Century Properties Group Inc. Social Security System (SSS) Jose E.B. Antonio
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