MISSION, VISION AND VALUES
- Our vision is to be the Philippines’ foremost developer of innovative, well-designed, sustainable residential and commercial developments, and to be the trusted partner of global citizens in realizing their goals of owning a home or an investment property in the Philippines.
- We hold fast to the principles of good design and proper construction, knowing that successful projects depend on their mastery and the application of best practices.
- We work with the most trusted names in architectural design and luxury living to provide our clients with great properties of life-enhancing value.
- We treasure talented individuals and the synergy they create when working as a solid, committed team.
- We work with purpose, creating properties that surpass the needs of our clients, encourage communities, and enhance the surrounding landscape.
- We strive for innovation, pursuing fresh ideas and architecture so that everything we make looks, feels, and behaves like nothing else on the market.
- We adapt sustainable practices and find that preserving our planet for future generations is a fun and engaging part of our development philosophy.
- We value every single Century Properties stakeholder like family and are committed to their dignity, personal growth, and wellbeing by providing tangible love and care through superior products and services.
- We are listeners, preferring hard truth over false acclaim, as honest appraisals are powerful means of growth and progress.
- We are pioneers, knowing that to influence an unknowable future we must never be afraid to step out in humble faith.
Century Properties Group, Incorporated (CPGI), formerly East Asia Power Resources Corporation (“EAPRC”), was originally incorporated on March 23, 1975 as Northwest Holdings and Resources Corporation. In September 26, 2011, the Board of Directors of CPGI approved the change in the company’s corporate name to its present name, as well as the change in its primary business purpose from power generation to that of a holding company and real estate business. Between May and November 2011, Century Properties Inc. (CPI) entered into a series of transactions with EAPRC, a corporation organized under the laws of the Philippines and listed on the Philippine Stock Exchange, whereby, among other things, CPI acquired 96.99% of EAPRC’s Common Shares and EAPRC acquired all of the subsidiaries of CPI.
Our company has five wholly-owned subsidiaries namely Century City Development Corporation, Century Limitless Corporation, Century Communities Corporation, Century Properties Management and Century Properties Hotel and Leisure Inc. Through these subsidiaries, Century develops, markets and sells residential, office, medical and retail properties in the Philippines, as well as manages residential and commercial properties in the Philippines.
As a member of the Philippine Chapter of the Asia Pacific Real Estate Association, Century Properties is committed to apply industry best practices in the conduct of its business and to continuously work with peers in elevating the standards of the local real estate industry.
SUBSIDIARIES AND AFFILIATES
Currently, the Company has five wholly-owned subsidiaries namely Century City Development Corporation (CCDC), Century Limitless Corporation (CLC), Century Communities Corporation (CCDC), Century Properties Management Inc. (CPMI) and Century Properties Hotel and Leisure, Inc. (CPHLI) and through its Subsidiaries namely CCDC, CLC, CCC and CPMI, CPGI develops, markets and sells residential, office, medical and retail properties in the Philippines, as well as manages residential and commercial properties in the Philippines.
Century Communities Corporation
CCC, incorporated in 1994, is focused on horizontal house and lot developments. From the conceptualization to the sellout of a project, CCC provides experienced specialists who develop and execute the right strategy to successfully market a project. CCC is currently developing Canyon Ranch, a 25-hectare house and lot development located in Carmona, Cavite.
Century City Development Corporation
CCDC, incorporated in 2006, is focused on developing mixed-use communities that contain residences, office and retail properties. CCDC is currently developing Century City, a 3.4-hectare mixed-use development along Kalayaan Avenue in Makati City.
Century Limitless Corporation
CLC, incorporated in 2008, is Century’s brand category that focuses on developing high-quality, affordable residential projects. Projects under CLC will cater to first-time home buyers, startup families and investors seeking safe, secure and convenient homes.
Century Properties Management, Inc.
CPMI, incorporated in 1989, is one of the largest property management companies in the Philippines, as measured by total gross floor area under management. CPMI currently has 51 projects in its portfolio, covering a total gross floor area of 2,645,588 sq.m. CPMI has been awarded 18 safety and security distinctions from the Safety Organization of the Philippines.
Century Properties Hotel and Leisure Inc.
CPHLI, incorporated in March 27, 2014, is a newly formed wholly-owned subsidiary of CPGI. CPHLI shall operate, conduct and engage in hotel business and related business ventures.
Incorporated in 2013, CPGI has a 49% shareholdings stake in A2 Global, Inc., a company shall act as a sub-lessee for the project initiatives of Asian Carmakers Corporation (ACC) and Century Properties Group Inc. in the development and construction of commercial office in Fort Bonifacio.
The number of shareholders of the Company of record as of December 31, 2014 was Four Hundred Eight Two (482). The number of issued and outstanding common shares of the Company as of December 31, 2014 is Eleven Billion Six Hundred Ninety Nine Million Seven Hundred Twenty Three Thousand Six Hundred Ninety (11,699,723,690). All shares of the Company are common stock.
Outstanding Shares: 11,599,600,690
Listed Shares: 4,285,040,062
Number of shareholders of record: 482
(as of December 31, 2014)
Issued Shares: 11,699,723,690
Free Float Level: 33%
The top 20 stockholders as of December 31, 2014 are as follows:
Century Properties Inc.
PCD Nominee Corporation (Non-Filipino)
PCD Nominee Corporation (Filipino)
Ernesto B. Lim
Victor S. Chiongbian
S. J. Roxas & Co., Inc.
Antonio Andres Chua
Antonio A. Inductivo
Vicente Goquiolay & Co., Inc.
Magdaleno B. Delmar, Jr.
Quality Investments & Securities Corporation
Pacifico B. Tacub
Roman T. Yap
Antonio C. Cuyos
B. L. Tan Securities, Inc
Alfredo B. Chia
Orifiel Y. Barredo
Tee Ling Kiat / Lee Lin Ho
Number of Shares Held
% to Total
Century Properties has received the following awards
2015 Asia Pacific Property Awards
Century Spire – Best Mixed-Use Development – Philippines
2014 South East Asia Property Awards
Azure Urban Resort Residences – Best Mid-range Condo Development in the Philippines
2014 Philippines Property Awards
Azure Urban Resort Residences – Best Condo Development – Philippines
2014 Philippines Property Awards
Century City Mall – Highly Commended, Best Commercial Development (Retail)
Century City Mall – Highly Commended, Best Commercial Architectural Design
2013 Asia Pacific Property Awards
Acqua Iguazu – Acqua Private Residences
Best Interior Design Show Home – Philippines
2012 South East Asia Property Awards – Real Estate Personality of the Year, Jose E.B. Antonio
2012 Asia Pacific Property Awards
Trump Tower – Best High-Rise Architecture – Philippines
Best Residential High Rise Development – Philippines
Milano Residences – Highly Commended High-Rise Architecture – Philippines
2014 Top Ten Developers – Philippines
2013 Top Ten Developers – Philippines
2012 Top Ten Developers – Philippines
2011 Top Ten Developers – Philippines
Capital Finance Inc.
2013 Century Properties Group, Inc. – Best Premier Real Estate Developer
2013 Corporate Governance Asia Award for one of the Most Promising Companies on Corporate Governance
2014 The Asset Triple A Transaction Banking-Treasury, Trade & Risk management Award for Best Structured Trade Finance Solution
BOARD OF DIRECTORS
Behind Century Properties Group, Inc. is a committed team of remarkably accomplished and talented people who are committed to realize the company’s goals as guided by its vision, mission and values.
Mr. Jose E.B. Antonio, 69 years old, Filipino, is one of the founders and Chairman of the Company and its subsidiaries. He graduated cum laude from San Beda College, Manila in 1966 with a Bachelor’s Degree in Commercial Science (major in Marketing) and received a Masters Degree in Business Management in 1968 from Ateneo de Manila’s Graduate School of Business. Chairman Antonio also graduated from Harvard University’s Owner/President Management Program in 2003. Chairman Antonio served as the Philippines Special Envoy for Trade and Economics to the People’s Republic of China in 2005 and is currently the Chairman of Century Asia Corporation, Prestige Cars, Inc. and Philtranco Service Enterprises. He is also the founder and Chairman of the Philippine-China Business Council Inc. In addition, he serves as the Vice Chairman of Penta Pacific Realty Corporation and Subic Air Charter, Inc.
Mr. John Victor R. Antonio, 43 years old, Filipino, is Co-Chief Operating Officer and a Managing Director of the Company. He has been with the Company for 17 years and is involved in managing projects in the Company’s middle income and affordable product lines, including Gramercy Residences and Azure Urban Residences. He graduated magna cum laude with a Bachelor’s Degree in Economics (major in Marketing) from the University of Pennsylvania’s Wharton School in 1993 and received his Masters Degree in Business Administration from the Wharton School in 2003.
Mr. Jose Marco R. Antonio, 41years old, Filipino, is Co-Chief Operating Officer and a Managing Director of the Company. Prior to joining us, he worked at Blackstone Real Estate Partners as a financial analyst. He has been with the Company for 16 years and is involved in managing projects in the Company’s middle income and affordable product lines, including Canyon Ranch, Knightsbridge Residences and Acqua Private Residences. He graduated summa cum laude with a Bachelor’s Degree in Economics (dual major in Finance and Entrepreneurial Management) from the University of Pennsylvania’s Wharton School in 1995 and received his Masters Degree in Business Administration from the Wharton School in 2004.
Mr. Jose Roberto R. Antonio, 39 years old, Filipino, is a Managing Director of the Company. He is involved in managing projects in the Company’s luxury product line, including Milano Residences and Trump Tower Manila. He graduated with a Bachelor’s Degree in Economics from Northwestern University and obtained his Masters Degree in Business Administration from Stanford University. He joined the Company in 2009 after spearheading Antonio Development in New York City, which developed the luxury condominium Centurion, located on 56th Street between 5th and 6th Avenue, steps from Central Park.
Mr. Jose Carlo R. Antonio, 32years old, Filipino, is the CFO of the Company and a member of our Board. Prior to joining the Company in 2007, he worked in the investment banking groups of Citigroup and Goldman Sachs. He graduated magna cum laude with a Bachelor’s Degree in Economics (major in Finance) from the University of Pennsylvania’s Wharton School in 2005.
Mr. Ricardo Cuerva, 71years old, Filipino, is a member of our Board. Mr. Cuerva was a co-founder of Meridien and served as Meridien’s president from 1988 to 1996. He also currently serves as a member of the Rotary Club of Makati City. Mr. Cuerva graduated from San Beda College in 1961 with a Bachelor of Science Degree in Business Administration and obtained his Masters Degree in Business Administration from Ateneo De Manila in 1971. Mr. Cuerva is the President and owner of Century Project Management and Construction Corporation, which oversees the construction of our vertical developments.
Mr. Rafael G. Yaptinchay, 65years old, Filipino, is the Co-Managing Director of the Company and a member of our Board. Mr. Yaptinchay was a co-founder of Meridien and served as Meridien’s president from 1996 to 2009. He has previously served as the Assistant Treasurer and Head of Business Development/Corporate Planning of Philippine National Construction Corporation. Mr. Yaptinchay is a member of the Rotary Club of Ortigas and the Association of Asian Manager, Inc. Mr. Yaptinchay graduated from Ateneo de Manila University in 1971 with a Bachelor’s Degree (major Economics) and received his Masters Degree in Business Administration from Asian Institute of Management in 1974.
Amb. Jose L. Cuisia Jr., 69 years old, Filipino citizen, is the incumbent Ambassador Extraordinary and Plenipotentiary of the Republic of the Philippines to the United States. Ambassador Cuisia is also well-respected figure in Philippine business, with over 32 years in financial services, most recently as the President & CEO of the largest and most profitable non-bank financial institution on the Philippines. He serves on the boards of many of the Philippines’ most important private and listed companies, and has shared his expertise as Trustee on various academic institutions and non-government organizations espousing good governance and corporate social responsibility, including the Asian Institute of Management. Ambassador Cuisia has over 10 years of experience in public service, having served Filipinos as the Governor of the Central Bank of the Philippines and Chairman of its Monetary Board as well as President and CEO of the Philippine Social Security System in the 1980s and 1990s. At the Central Bank, Ambassador Cuisia oversaw the liberalization of foreign exchange controls, resulting in, among others, the entry of more substantial foreign direct investment that strengthened the Philippine Peso and the country’s foreign exchange reserves. The Ambassador also led the efforts in establishing what is now the Bangko Sentral ng Pilipinas, allowing it to become a more effective guardian of monetary policy and ensuring the stability of the banking system. Amb. Cuisia also serves as Director to various companies namely: Investment & Capital Corporation of the Philippines, Asian Institute of Management, Phinma Corporation, SM Prime Holdings Inc., Philippine Investment Management, Inc.. He likewise serves as an Independent Director of Manila Water Company, Inc.
Mr. Stephen T. CuUnjieng, 56 years old, Filipino citizen, is a prominent investment banker, and currently serves as an Independent Director, Aboitiz Equity Ventures, Inc. He has a long and extensive experience in investment banking with several major financial institutions including HFS Capital LLC and Evercore Partners, Inc. is the Chairman of Evercore Asia Limited. He is an advisor to a number of Asia’s most prominent companies like San Miguel Corporation, Samsung Electronics, Tiger Airways, among others. He finished his undergraduate and law degree from Ateneo De Manila University and later on, earned his MBA degree from the Wharton School of Business at the University of Pennsylvania.
Mr. Carlos C. Ejercito, 69 years old, Filipino, is the former Chairman of the United Coconut Planters Bank and currently the Chairman and CEO of Nortern Access Mining, Inc, Forum Cebu Coal Corporation and Kaipara Mining and Development Corporation. He graduated Cum Laude from the University of the East where he finished his Bachelor’s Degree in Business Administration. He became a Certified Public Accountant in 1966. He received his Master’s Degree in Business Administration at the Ateneo Graduate School of Business in 1976 and graduated from his Management Development Program in 1983 at the Harvard Business School. As of date, he serves as an Independent Director at Aboitiz Power Corporation, Bloomberry Resorts Corporation and Monte Oro resources and Energy Corporation.
Mr. Domie S. Eduvane, 51 years old, Filipino, is the Senior Vice-President for Legal and Corporate Affairs of the Company. He graduated magna cum laude from Far Eastern University, Manila with a Bachelor of Arts Degree in Economics and obtained his law degree from San Beda College of Law, Manila in 1994. Prior to joining the Company, he served as the Vice-President for Legal and Corporate Affairs and Human Resources for Empire East Properties, Inc., an affiliate of Megaworld Corporation. He also worked as Court Attorney with the Court of Appeals, Manila and was an Associate with Bengzon Zarraga Cudala Liwanag & Jimenez Law Offices as well as a Partner of Yrreverre Rondario & Associates Law Office.
Mr. Carlos Benedict K. Rivilla IV, 44 years old, Filipino, is the Vice-President for Corporate Affairs of the Company. As part of his experience in the business sector, he served as Corporate Compliance Officer and Vice-President for Finance in a corporation engaged in mass media for four years in Cebu City and also previously handled Corporate Affairs for the Company and served as Director and Corporate Secretary of various businesses in Makati City. He joined the Company in 2007. Mr. Rivilla is a graduate of University of San Jose Recoletos. Mr. Rivilla was appointed Assistant Corporate Secretary on August 17, 2011.
Mr. Gerry Joseph Albert L. Ilagan, 36years old, Filipino, is the Senior Vice-President for Human Resources and Sales Management. In October 2015, he was appointed as fulltime group head of Century World Sales Operations. He graduated with academic distinction from San Beda College with a Bachelor’s Degree in Human Resources Development and Philosophy. He also attended De La Salle College of St. Benilde’s School of Professional and Continuing Education where he received a diploma in Organizational Development and a diploma in Human Resources. He is a licensed Real Estate Broker with more than 10 years of human resources and sales management experience gained from several multinational and Philippine companies. Mr. Ilagan also worked with Sun Microsystems Philippines Inc. and Crown Asia Properties Inc. prior to joining the Company.
Ms. Maria Theresa Fucanan Yu, 36 years old, Filipino, is the Vice-President for Corporate Communications of the Company. As part of her corporate background, she served as Assistant Vice-President and Public Relations Manager of the Company. Prior to joining the Company in 2007, she served as an editor and reporter for various sections of The Manila Times. Ms. Fucanan graduated cum laude with a Bachelor’s Degree in Journalism from the University of Santo Tomas in 2001.
Kristina I. Garcia, 42 years old, Filipino, is Director For Investor Relations of Century Properties Group, Inc. (CPGI). Before joining the Company, she subsequently headed the Investor Relations divisions at Alliance Global Group, Inc. and Megaworld Corporation. Prior to that, Ms. Garcia was with the tax services department Isla Lipana & Co./PricewaterhouseCoopers where she assisted multinational companies set-up operations in the Philippines and avail of tax incentives.
Erickson Y. Manzano, 44years old, serves as Senior Vice President / Development Director of Century Properties Group Inc. (CPGI). Prior to joining CPGI in 2012, Mr. Manzano has worked for 20 years in the real estate industry in the fields of project development, corporate planning, construction management, and property management in the Country’s biggest conglomerates. He graduated from the University of the Philippines with a BS in Civil Engineering degree. He later took his Masters of Science in Civil Engineering at De La Salle University, and his MBA, Major in Finance at the Asian Institute of Management, and spent his last semester as an exchange student to the Ivey Business School, University of Western Ontario.
Tim Hallett, 56 years old, serves as the Company’s COO for Hospitality. Mr. Hallett is an experienced Hospitality and Hospitality Real Estate professional at MD and COO level, working at the leading edge of hospitality development, innovation and value value creation with specific expertise Asian Pacific and emerging markets. Tim was the MD of The Sinar Mas Group Hospitality Business based in Singapore, before joining the privately held Cinnovation Group or Companies as CEO to build out a multiple asset/brand Hospitality business that included Alila Hotels & Reports, Taj Asia Ltd, Taj Safaris and Zinc Hospitality. Prior to joint Century Properties, Tim was one of the founding members of Silverneedle Hospitality a division of the Nadathur Group Family Investment Office, heading the Acquisition and Development business unit, instrumental in acquiring assets and hospitality missed use developments in Australia, Sri Lanka and Thailand. Tim is a Hotel Management Graduate and gained is Master in Hospitality Real Estate from Cornell in 2004.
Rhoel Alberto Nolido, 43years old, is the Business Unit Head of CPGI. He has been in the real estate industry for the past 18 years. Mr. Nolido first started at Ayala Land, Inc. where he worked for 10 years handling project development. He eventually moved on as General Manager of Northpine Land for 5 years before he transferred to Eton Properties as a Senior Vice President for Business Management. He graduated from Ateneo de Manila University with a Bachelor of Science in Management degree and later took his MBA in Asian Institute of Management, Major in Finance.
lsabelita Ching-Sales, 36 years old, serves as the Company’s Chief Information Officer. Atty. Ching-Sales was the Chief Legal Counsel, Head for Credit Support, Chief Information Officer and Corporate Secretary of Asiatrust Development Bank where she worked for 5 years. She likewise worked as Head for Operations of China Banking Corporation’s Acquired Assets Division. She graduated from the University of Sto. Tomas with a Bachelor’s Degree in Legal Management and obtained her degree in Bachelor of Laws at San Sebastian College Recoletos Manila, Institute of Law and San Beda College of Law.
Atty. Camille Khristine I. Aromas, 30 years old, Filipino, is the Corporate Secretary of the Company. She is likewise a Senior Associate at Divina Law Offices. Previously, Ms. Aromas was a Mid-level Associate at Baker & McKenzie’s Manila office and a consultant for the Asian Development Bank. She obtained her law degree at the University of the Philippines College of Law with a Bachelor’s degree in Economics, graduating cum laude, from the same university. Ms. Aromas has extensive work experience in the field of arbitration, dispute resolution and corporate legal affairs.
Mr. Patrick Carague, 44 years old, is the Senior Vice President – Head of Risk Management and Decision Support Services worked as a finance and risk management professional for over 18 years, eleven of which were spent working in the U.S. for notable companies like Capital One, and Freddie Mac. He graduated from Ateneo de Manila University with a Bachelor of Arts degree in Management Economics. He later took his MBA at Kellogg Graduate School of Management, with majors in Finance, Decision Sciences, and Management & Strategy.
Atty. Jeffrey R. Balmores, CPA, 38 years old, Filipino, is the VP – Tax Director of the Company. He graduated from the De La Lalle University, Manila with a Bachelor of Science Degree in Accountancy and obtained his law degree from San Beda College of Law, Manila. Prior to joining the Company, he served as the Head of Tax & Corporate Governance for Philex Mining Corporation/ Philex Group. He also worked as a Corporate Tax Director for Jollibee Foods Corporation /JFC Group Of Companies. He was also part of Tax Department of Smart Communications Inc. (SMART), and has worked for the Bureau of Internal Revenue (BIR) – National Office under the Office of the Deputy Commission – Legal & Inspection Group, and SGV & Co. under Tax Compliance Group early in his career.
Mr. John Paul Flores, 33 years old, Filipino, is the Comptroller of the Company. He graduated from the Laguna College with a Bachelor of Science Degree in Accountancy. Prior to joining the Company, he served as a Senior Auditor of Punongbayan and Araullo Auditing Firm.
Mr. Gerardo A. Morales, 54 years old, Filipino, serves as the Company’s Treasurer. He, was the former President of Optimum Development Bank. He has been involved in varying capacities with several banks (Planters Development Bank, Union Bank of the Philippines and the East Bank) for more than 25 years.m Development Bank. He Ateneo de Manila University in 1981 with a Bachelor of Science Degree, Major in Business Management.
All the directors and members of the senior management of the Company possess a high degree of integrity and character and are fully capable and able to perform their duties as directors and members of senior management, respectively.
*Mr.. Gerardo A. Morales was appointed as Treasurer of the Company last August 13, 2015 while Mr. Rafael Yaptinchay was appointed Co-Managing Director of the Company last August 13, 2015. Atty. Camille Kristine I. Aromas was appointed Corporate Secretary last November 15, 2015 following the resignation of Atty. Mary Jude Cantorias effective on even date. was appointed Corporate Secretary on October 02, 2014.
**Mr. Erickson Manzano resigned on October 15, 2015 and Mr. Rhoel Alberto Nolido resigned on November 15, 2015