CPG Board approves acquisition of Mitsubishi's stake in Phirst, charts path towards growth with Mitsubishi Corp

by The Manila Times

May 31, 2023 12:03 am

CENTURY Properties Group (CPG) and Mitsubishi Corp. (MC) are seeking new paths toward growth, as the latter redirects its focus to other market opportunities in both the Philippines and the Asian Region.

First, this shall be achieved by CPG fully owning MC's shares in the affordable housing companies of the partnership, and second, through CPG and MC exploring new asset classes in real estate to co-invest in.

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