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.