Property developer Century Properties Group Inc. has completed its P2 billion perpetual, cumulative, non-participating, non-voting, redeemable, non-convertible Series B Preferred Shares (CPGPB) follow-on offering with the bell-ringing at the Philippine Stock Exchange.
“On behalf of CPG, we are grateful to our institutional and retail investors, transaction partners, dedicated working group and stakeholders for their unwavering trust. The success of this undertaking is a testament to our combined efforts and their enduring support and confidence in CPG’s growth. The proceeds of this fundraising will help the company to fortify its commitment to prudent financial management and facilitate sustained expansion efforts,” CPG president and chief executive officer Marco Antonio said.
China Bank Capital Corporation served as sole issue manager, lead underwriter and bookrunner.
Last month, CPG announced its two projects for the first half of 2024 under its Premium In City Line: The Hotel Residences at Acqua in Mandaluyong City, which offers move-in ready suites and the mid-rise residential development Azure North in San Fernando, Pampanga, whose first tower has 375 units and features water-park amenities.
PHirst Park Homes, a partnership of CPG with the Japanese global integrated business enterprise Mitsubishi Corporation, successfully launched PHirst Park Homes in Bacolod, fueling its expansion in the Visayas region. PHirst plans to open at least six new subdivisions this year to close 2024 with 26 active First-Home developments.
Top choice for business
Century Diamond Tower, a Grade A, PEZA-certified office building CPG, positions itself as a top choice for businesses looking for a space to lease as it redefines the standards of corporate excellence in Makati.
Strategically located within Century City along Kalayaan Avenue in Makati City, this architectural gem offers unparalleled accessibility, flexibility and prestige, making it the prime choice for discerning businesses.
Completed in November 2019, Century Diamond Tower features a sprawling 57,142.48 sqm. Gross leasable area, catering to local enterprises, multinationals and startups’ diverse needs. It has various options, including bare, warm shells, fully fitted spaces and businesses that can be customized to suit the guests’ tastes.
“The Century Diamond Tower represents a convergence of convenience, efficiency and sophistication. Its strategic location within Century City places it at the epicenter of Makati’s vibrant business landscape, offering tenants many opportunities for growth and success,” said Rey Dimaano, CPG chief operating officer of Commercial Leasing Assets.
Situated near major thoroughfares such as Ayala Ave., Sen. Gil Puyat Ave., Kalayaan Ave. and J.P. Rizal, Century Diamond Tower ensures seamless connectivity to key destinations within and beyond Makati. Additionally, its adjacency to premier residential towers, including Milano, Knightsbridge Residences, Gramercy and the mixed-use designer building Century Spire, underscores its status as a coveted address for work and play. Century City Mall is a stone’s throw away from Century Diamond Tower, a central retail and shopping destination.
Beside Century Diamond Tower is Centuria Medical Makati, a one-stop, outpatient techno-medical center offering state-of-the-art facilities and advanced support systems for various medical needs. Furthermore, Century Diamond Tower is a walking distance away from the vibrant Poblacion district, a popular destination and a melting pot of culture known for its myriad of choices of restaurants, creative coffee shops and nightlife spots.