Corporate Network



Since its inception in 1963, City Developments Limited (CDL) has been Singapore’s property pioneer. The legacy of CDL’s past five decades has been one of sustained growth and accomplishment. Today, CDL is a Singapore-listed international property and hospitality conglomerate with businesses in real estate development and investment, hotel ownership and management, facilities management and the provision of hospitality solutions. It is one of Singapore’s largest companies by market capitalisation.

With an extensive network of more than 400 subsidiaries and associated companies under its wings, the Group has five companies listed on notable stock exchanges in New Zealand, Hong Kong, London and Philippines. The Group currently owns and manages a solid portfolio of residential and investment properties, in addition to hotels, across Asia, Europe, the Middle East, North America and New Zealand/Australia.

CDL holds an impressive track record of having developed over 34,000 luxurious and quality homes across diverse market segments. As one of Singapore’s biggest landlords, it owns close to 7.2 million square feet of floor/lettable area of office, industrial, retail, residential and hotel space locally and globally. Amongst private developers in Singapore, the Group possesses one of the largest land banks, with close to 2.4 million square feet, which can be potentially developed into over 7.9 million square feet of gross floor area.

The Group’s global presence is led by its diversification into hospitality management and the acquisition of hotel assets through CDL’s London-listed subsidiary, Millennium & Copthorne Hotels plc (M&C). As one of the world’s largest global hospitality management and real estate group, M&C owns, asset manages and/or operates more than 110 hotels globally. The Group was also the first to establish a hospitality trust in 2006. CDL Hospitality Trusts currently owns hotels in Singapore, Australia, New Zealand and the Maldives.

CDL’s China division and wholly-owned subsidiary, CDL China Limited, has been strategically making inroads in China’s key cities. CDL has also established a real estate platform in the United Kingdom which focuses on acquisitions of real estate in Greater and Central London for development and investment.

 

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