5 months Century Properties allots P30-B capex thru 2021 Manilatimes |Biz
CENTURY Properties Group Inc. (CPG) is setting aside P30 billion in capital expenditures (capex) for the next three years to further expand its business portfolio. At a news briefing in Makati City on Friday, new Century Properties President and Chief Executive Officer Jose Marco Antonio said the listed real-estate developer would want to grow its mass-housing, in-city condominium and commercial-leasing segments equally, with the latter taking the bulk of the amount. Century Properties plans to fund the capex through a mix of internally generated cash and the debt market, whether bilateral or corporate bonds.Advertisements
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