THE board of directors of Century Properties Group (CPG) has approved the acquisition of the 40 percent stake of Mitsubishi Corp. in PHirst Park Homes Inc. (PPHI) and Tanza Properties Inc., giving the real estate developer full ownership of the fast-growing business unit.
Launched in 2017 as an affordable housing brand, PPHI is on its way to successfully achieving in 2023 the launch of 15 projects it set out to do with Mitsubishi Corp. five years ago.
Following this milestone, CPG also announced in 2022 its expansion into other markets, with ventures in the socialized and economic housing, and mid-income residential markets under Century PHirst Corp., a new subsidiary fully owned by CPG. (PR)