• In August, the Group secured two welllocated and highly sought-after EC sites though GLS tenders: - Senja Close site (109,354 sq ft): $252.9 million - Woodlands Drive 17 site (271,330 sq ft): $360.9 million Together, both sites will yield over 700 residential units. • In the UK, The Octagon, the Group’s 370-unit Private Rented Sector (PRS) project in Birmingham obtained full practical completion in August. • In September, CDL completed the sale of its 50.1% stake in the South Beach mixed-use development in Singapore to its JV partner IOI Properties Group Berhad. Based on an agreed property value of $2.75 billion on a 100% interest basis, the transaction marks one of the Group's largest divestments. • Executive Chairman Mr Kwek Leng Beng and CDL were honoured for their joint $24 million donation to the Singapore Institute of Technology (SIT) at the opening of its Punggol Campus in September. The endowed gift was recognised with the naming of the Kwek Leng Beng University Tower, which houses SIT’s academic and administrative offices. • The fully sold Piccadilly Grand, a JV project with Sunway MCL at Farrer Park, obtained its TOP in September. Directly linked to Farrer Park MRT station, the 407-unit residence is part of an integrated development that includes Piccadilly Galleria, a ground-floor retail podium with a childcare centre. 4TH QUARTER (OCTOBER – DECEMBER) • In October, CDL and JV partner Mitsui Fudosan (Asia) Pte. Ltd. launched Zyon Grand, a 706-unit twin tower luxury residence along Kim Seng Road. Located near the prime River Valley enclave, it is part of an integrated development that also includes Zyon Galleria with restaurants and a supermarket, an early childhood development centre and a 36-storey tower with long-stay serviced apartments. To date, 617 units (87%) have been sold1. • In Australia, The Archive, the Group’s 237-unit PRS development in Southbank, Melbourne, achieved practical completion in October. • MHR officially opened the 569-room M Social Hotel New York Downtown (formerly Millennium Downtown New York) in October, following the completion of its renovation. Located in Lower Manhattan, this marks the second M Social hotel in New York. • CDL marked the graduation of the first 42 small and medium-sized enterprises (SMEs) under its SME Supplier Decarbonisation Queen Bee Programme in October. Launched in 2024, this first-of-its-kind initiative supports SME suppliers in measuring, managing and reducing carbon emissions. • In November, the Group divested its JV Piccadilly Galleria retail podium in Singapore for $65.46 million and 1250 Lakeside, its 250-unit US multifamily asset in Sunnyvale, California, for US$143.5 million (approximately $186.8 million). • In December, the 638-unit Tembusu Grand obtained its TOP. Located in the vibrant Tanjong Katong enclave, the JV project with Sunway MCL is 98% sold1. • In Japan, the Group, through its indirect wholly-owned subsidiary, M&C Sakura TMK, divested the 256-room Bespoke Hotel Osaka Shinsaibashi for JPY 14 billion (approximately $117 million) or JPY 54.7 million (approximately $457,000) per key in December. • In the UK, the Group, through its wholly-owned subsidiary Copthorne Hotel Holdings Limited, acquired the freehold 706-room Holiday Inn London - Kensington High Street for £280 million (approximately $480.2 million) or £396,600 (approximately $680,200) per key in December. Located adjacent to the Group’s Copthorne Tara Hotel London Kensington, this acquisition strengthens the Group’s hospitality presence in Central London. • The Group announced the contracted divestment of Quayside Isle, its prime waterfront retail asset on Sentosa Cove, for $97.3 million in December. The transaction marked the Group’s eighth asset sale contracted in the year and brought its total divestments for 2025 to around $2 billion. SIT Punggol Campus Opening Holiday Inn London - Kensington High Street | UK ANNUAL REPORT 2025 | 21
RkJQdWJsaXNoZXIy ODIwNTc=