Century Properties Group, Inc. agreed to acquire remaining 40% stake in Tanza Properties, Inc. from Mitsubishi Corporation.

Century Properties Group, Inc. is a Philippines-based real estate company, which is engaged in the development and construction of residential and commercial real estate projects. The Company is primarily involved in the development, marketing, and sale of mid- and high-rise condominiums and single detached homes, leasing of retail and office space, and property management. The Company operates through three segments: Real estate development, Leasing, and Property management. The Real estate development segment is engaged in sale of high-end, upper middle-income and affordable residential lots and units and lease of residential developments under partnership agreements. The Leasing segment is engaged in the lease of the Company’s retail mall. The Property management segment facilities management of the residential and corporate developments of the Company and other third-party projects, including provision of technical and related consultancy services.