CITY DEVELOPMENTS LIMITED ANNUAL REPORT 2022 OVERVIEW 6 7 St Katharine Docks | London, UK TRANSFORMATION FUND MANAGEMENT Assets Under Management (AUM) US$3.1 BILLION PORTFOLIO RESTRUCTURING TO UNLOCK VALUE Distribution in specie (DIS) of 144.2 MILLION CDLHT Units to CDL shareholders, completed in May Dividend from DIS 20.2 CENTS per share based on $1.27 per CDLHT Unit on 25 May INNOVATION STRATEGY Driving business transformation through diversified platforms DIVERSIFYING OUR PLATFORMS To better position ourselves for the future, we continually explore initiatives that complement our business transformation, such as forging new partnerships and investing strategically in new economy and technology ventures. Our innovation and digitalisation efforts continue to elevate our product offerings, strengthen our value proposition and enhance the customer experience. Fund management forms an integral part of our transformation strategy. Besides nurturing existing listed platforms like CDL Hospitality Trusts (CDLHT) and IREIT Global, we continue to seek out attractive acquisition opportunities that will strengthen our value proposition and expand our offerings. In the UK, we grew our commercial asset portfolio by strategically acquiring trophy assets that will allow us the option to inject our portfolio into listed or unlisted platforms at an opportune time. With our latest acquisition of the sizeable St Katharine Docks prime freehold estate, the total value of our UK commercial assets has increased to around £1 billion. Innovation Pipeline People & Culture PropTech Investment
RkJQdWJsaXNoZXIy ODIwNTc=