SSS acquires strategic stake in Century Properties for P500M

The Social Security System (SSS) has acquired a 6.39 percent stake in listed property developer Century Properties Group, Inc. (CPG) through a P500-million block sale, signaling growing institutional investor confidence in the company’s long-term outlook.

Century Properties, Inc. (CPI), the majority shareholder of CPG, facilitated the transaction by selling 740.7 million common shares to SSS at a 4.93 percent discount to the prevailing market price. The acquisition is expected to generate a dividend yield of 7.8 percent for the state pension fund, aside from potential capital gains.

China Bank Capital Corporation acted as the sole financial advisor and arranger for the deal.

"We are honored to have the Social Security System (SSS) as an anchor investor in Century Properties Group. Both CPG and SSS share a long-term perspective and remain optimistic about the growth prospects of CPG," said CPG Executive Chairman Amb. Jose E.B. Antonio. 

“This collaboration reinforces our shared vision for sustainable growth and value creation.”

Chinabank Capital President Ryan Martin Tapia welcomed the partnership, saying, “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.”

Century Properties continues to implement its Twin Engine Strategy, a business model balancing affordable housing developments under PHirst Park Homes and premium residential projects. 

The company eyes a 15 to 20 percent growth trajectory over the next three to five years, supported by strong financial discipline and a P12-billion capital expenditure budget for 2025 – P10 billion of which will be channeled into first-home developments, and P2 billion into its high-end real estate line.