Century Properties

Century Properties Group, Inc.

Type	Real Estate Developer (Public)
Traded as	(PSE: CPG)
Industry	Property
Founded	Manila, Philippines (1986)
Headquarters	21st Floor, Pacific Star Building, Sen. Gil Puyat Avenue corner Makati Avenue, Makati City, Philippines
Key people	Jose E.B. Antonio (Chairman, President & CEO) John Victor R. Antonio Jose Marco R. Antonio Jose Roberto R. Antonio Jose Carlo R. Antonio Ricardo Cuerva Rafael G. Yaptinchay Washington SyCip (Independent Director) Monico V. Jacob (Independent Director)
Revenue	PHP 9,611 Mrd. (104.4%) (2012)^[1]
Net income	PHP 1,844 Mrd. (112.9%) (2012)^[1]
Number of employees	5,442
Website	www.century-properties.com

Century Properties Group, Inc. (CPI) is a real estate company in the Philippines focusing on high-rise and mid-rise residential condominia and mixed-use developments. It was established by Mr. Jose E. B. Antonio in 1986, just six days prior to the EDSA People Power Revolution.

The Essensa towers at East Forbes in Bonifacio Global City, completed in 2001.

The South of Market towers at 26th Street corner 11th Avenue in Bonifacio Global City, completed in 2008.

From an original core staff of 6 people, CPI now employs over 3,000 individuals, with marketing representatives in five countries and six international offices. The Company is able to offer a full range of real estate services, including property development, property management, and sales and marketing. CPI has more than 60 vertical buildings under development and management through its subsidiaries and affiliates namely: Century Communities Corporation (CCC), Century Properties Management, Inc. (CPMI), Century City Development Corporation (CCDC), and Century Limitless Corporation (CLC).

Newest project to rise is the Century City in Makati (Metro Manila). Skyscrapers such as the Gramercy Residences, the Knightsbridge Residences and Trump Tower Manila are under construction. When completed, those buildings belong to the tallest in the Philippines.

In September 2011, the Gramercy Residences is the highest and topped-out reaching the 73rd floor. It was announced to have 73 floors above ground with a total height of 250 meters (820 feet) from ground to its architectural top.

History

The Company was incorporated on September 6, 1983. In 1986 with six employees, it launched its operations, focusing primarily on providing third-party marketing and sales for real estate developers.

Vertical and High-Rise Developments

Leveraging on the experience it gathered in real estate sales and marketing, the founders saw a solid opportunity in establishing a separate property development arm, Meridien, which focused on mid-market, central business district high-rise developments. Meridien began the development and construction of its first project, Le Grand in Makati to cater to the middle market segment.

Meridien developed at a rate of one to two buildings per year, all located in the central business districts of Makati and Ortigas. During this time, Century became known to the public as a developer of high rise condominia in the central business districts of the Philippines.

Own by Mark Banjo R. Evangelista

Century Properties Management, Inc. (CPMI)

In March 17, 1989, the founder established CPM to handle the Group’s property management services for both Century and non-Century developments. Since its founding, CPMI has handled 43 buildings, including landmarks such as the Asian Development Bank, Philippine National Bank Headquarters, BPI Buendia Center and Pacific Star Building.

Separately, the companies continued their operations throughout the 1990s. CPI focused on generating sales for the Century-developed properties, while keeping its third-party marketing services to other real estate companies.

Essensa East Forbes

In 1997, through Meridien, CPI was given the opportunity to purchase a property in Fort Bonifacio. At this time, the Company saw that there was a need for high-class luxury condominia in Metro Manila, and decided to develop what is known today as one of the best residential buildings in the country.

Essensa condominium, a hallmark development of the Company, has a reputation for being one of the best condominium projects in the country. Designed by architectural firm Pei Cobb and Freed, led by Pritzker Prize winning architect I.M. Pei, the architect of the Louvre in Paris, and the Bank of China in Hong Kong, Essensa utilized the finest materials in its design such as Travertine stone quarried from the same source as the Colosseum in Rome.

The units in Essensa have an average unit size of 290 square meters, with prices ranging from PhP35 million to PhP60 million.

Horizontal/Housing Development

The Company further expanded its property development business when it embarked on its first large-scale horizontal development: Canyon Ranch. Located in Carmona, Cavite, this 16-hectare gated community is situated in the hilly portion of the San Lazaro Leisure Park owned by the Manila Jockey Club, Inc.

In order to specifically manage the development of this project, the proprietors of Century decided to incorporate CCC in March 15, 1994. Canyon Ranch, launched in 2004, officially marked CCC’s entry into mid-market horizontal developments, catering to modern families who prefer the quiet suburban life.

Century City

Main article: Century City, Makati

In 2006, the Company bought a portion of the lot formerly occupied by the International School of Manila. Using its experience in developing buildings and infrastructure, the Company incorporated CCDC on December 19, 2006 to expand Century’s business into large-scale mixed-use developments. Presently, the said area located in Kalayaan Avenue, Makati City is the venue for CCDC’s current residential projects: The Gramercy Residences, and The Knightsbridge Residences. It will also house a hospital, a retail center, and an IT park.

Century Limitless Corporation

Responding to the high demand for affordable housing, Century further expanded its product line with the creation of a separate company especially focused on this segment. On July 9, 2008, CLC was incorporated with the sole purpose of developing vertical projects for the affordable to middle-income housing segment. In 2009, CLC launched its first project, Azure Urban Resort Residences, providing condo living for young couples and families, Filipino expatriates, and end-users wanting to live in Parañaque City.

Subsidiaries and Affiliates

The subsidiaries and affiliates of the Company are segregated by the target market of each project, allowing each to specialize and focus on their buyers’ requirements in pricing, size, location, and amenities. Below is a description of the subsidiaries and affiliate of the Company:

Meridien Group of Companies

Meridien is focused on single-lot developments, particularly high-rise condominia in the central business districts. Its past record includes the Le Grand, Le Triomphe, Le Metropole, Oxford Suites, Bel Air Soho in Makati, and Medical Plazas in Makati and Ortigas, and Essensa and South of Market in Fort Bonifacio.

Century Properties Management Incorporated

Incorporated March 17, 1989

CPMI is the largest property management company in the Philippines. It is the first independent company to make use of international standards in the Philippine market. CPMI has been awarded 18 safety and security distinctions from the Safety Organization of the Philippines. It currently has 43 buildings in its management portfolio, covering a total gross floor area of about 1.9 million square meters.

Century Communities Corporation

Incorporated March 15, 1994

CCC is focused on horizontal house and lot developments.

Century City Development Corporation

Incorporated December 19, 2006

CCDC is focused on mixed-use developments. Founded in 2006, it is created to develop areas that incorporate the Live, Work and Play concept. More than providing properties that center only on residential areas, CCDC, through its first project called Century City, a 3.4 hectare mixed use development in Kalayaan Avenue, Makati, develops communities where residential, corporate and leisure activities happen in one place.

Century Limitless Corporation

Incorporated July 9, 2008

CLC is the newest brand category of Century Properties Group that will develop affordable residential projects.

Shareholders

The main shareholder as of March 31, 2013 is Century Properties Group, Inc. who owns 6,469,965,032 shares or 66.7% of the company.^[2]

Since February 18, 2012 APG Strategic Real Estate Pool N.V. (APG) holds 868,316,042 shares or 8.95%^[3]

References

External links

Skyscrapers and towers in Metro Manila

Completed

Over 250 m	PBCom Tower (259 m, 2000) The Gramercy Residences (250 m, 2013) Discovery Primea (250 m, 2013) Shangri-La at the Fort, Manila (250 m, 2016)

200–249 m	Grand Riviera Suites (230 m, 2014) One Shangri-La Place Towers (227 m, 2014) Alphaland Makati Place (220 m, 2016) G.T. International Tower (217 m, 2001) BSA Twin Towers (215 m, 2000) The St. Francis Shangri-La Place Towers (213 m, 2009) The Knightsbridge Residences (210 m, 2013) One Rockwell West Tower (210 m, 2010) Petron Megaplaza (210 m, 1998) BDO Corporate Center (210 m, 2015) UnionBank Plaza (206 m, 2004) Greenbelt San Lorenzo Tower (205 m, 2009) Edades Tower (205 m, 2014) Golden Empire Tower (203 m, 2002) One Corporate Centre (202 m, 2009) Philamlife Tower (200 m, 2000) Summit One Tower (200 m, 1998)

150–199 m	One Central Makati (195 m, 2013) 8 Forbestown Road (194 m, 2013) Anchor Skysuites (193 m, 2013) RCBC Plaza Towers (192 m, 2001) The Infinity Fort Bonifacio (190 m, 2011) Tower 6789 (185 m, 2013) One San Miguel Avenue (183 m, 2001) LKG Tower (180 m, 2000) Marco Polo Ortigas Manila (180 m, 2014) The Shang Grand Tower (180 m, 2005) Pacific Plaza Towers (179 m, 2001) Atlanta Centre (179 m, 1998) Birch Tower (178 m, 2012) Aspire Tower (175 m, 2012) Robinsons Equitable Tower (175 m, 1997) One Roxas Triangle (174 m, 2000) Robinsons Summit Center (174 m, 2001) Paragon Plaza (174 m, 1998) The Enterprise Center Tower 1 (172 m, 1999) Greenbelt Laguna Tower (171 m, 2008) Greenbelt Manila Tower (171 m, 2010) The Beaufort (170 m, 2013) The Beacon Arnaiz Tower (170 m, 2012) Pearl of the Orient Tower (168 m, 2004) Discovery Suites (167 m, 1999) GA Towers (165 m, 2005) One Rockwell East Tower (165 m, 2011) Rufino Pacific Tower (161 m, 1994) Ayala Tower One (160 m, 1996) The Orient Square (160 m, 1999) Lancaster Suites One (158 m, 2007) Bellagio Golfview (156 m, 2010) Exportbank Plaza (155 m, 1998) The Rizal Tower (155 m, 2000) Wharton Parksuites (154 m, 2012) BSA Grand Tower (154 m, 1998) The World Centre (152 m, 1996) Salcedo Park Twin Towers (151 m, 1996) Pacific Plaza Condominium (150 m, 1992) Wynsum Corporate Plaza (150 m, 2000) One Legazpi Park (150 m, 2006) Joy-Nostalg Center (150 m, 2009) Forbes Tower West (150 m, 2011) One McKinley Place (150 m, 2004) Zuellig Building (150 m, 2012) The Columns (150 m, 2009)

Under
construction

The Stratford Residences (312 m, 2017)
Federal Land Tower (282 m, 2016)
Trump Tower Manila (250 m, 2016)
Century Spire (245 m, 2018)
The Skysuites Tower (220 m, ?)
Net Park (205 m, 2016)
UNTV Broadcast Center (200 m, 2017)
Torre de Manila (165 m, 2018)
JAKA Tower (?, 2018)

Proposed

Unbuilt

Buildings listed in order of height and with year of completion
Commons

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