5 months CPG earmarks P30-B capex as it veers away from luxury condos MB |Biz
By James A. Loyola Century Properties Group (CPG) is allocating P30 billion for capital expenditures (capex) in the next three years to further drive the expansion of its recurring income and housing portfolio and complete existing projects. In an interview after the firm’s annual stockholders’ meeting, newly-elected CPG President and Chief Executive Jose Marco Antonio said the capex will allow them to expand its three business segments: Affordable housing, urban villages and leasing assets. “We want to equally grow them to eventually contribute a third of our business. So one could assume a third will come to commercial leasing, a ... more