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CDL continues to execute its diversification strategy with a focus on capitalising on acquisitive opportunities in Singapore and overseas, and has accumulated S$304 million in investments in Q1 2017. This includes two development sites that CDL has acquired in UK and China.


CDL, through its wholly-owned subsidiary Trentworth Properties Ltd, represented in the UK by Dartmouth Capital Advisors Limited, exchanged contracts to buy the freehold Ransomes Wharf site in Battersea, London, SW11, from Curatus Trust.

CDL plans to develop the site into a luxury residential project with an estimated gross development value of £222 million (approximately S$395.2 million). The site is located within the London Borough of Wandsworth, on the south bank of the River Thames and adjacent to Albert Bridge.

The 0.65 hectare (1.6 acres) Ransomes Wharf site is being bought for £58 million (approximately S$103.2 million), phased over the next 18 months. It is situated just to the west of Albert Bridge in Battersea's creative quarter on the River Thames, with occupiers including Foster + Partners Architects, Royal College of Art and Vivienne Westwood. It is also a minute's walk to Battersea Park, which is one of London's best kept riverside open spaces.

Chelsea and King's Road are just five minutes on foot across either Battersea or Albert Bridge; the Royal Borough of Kensington and Chelsea playing host to some of London's most fashionable restaurants and bars, and prime residential property.

Mr Kwek Leng Beng, CDL Executive Chairman, said, "The UK is one of CDL's key overseas markets for strategic diversification. Through our partnership with Dartmouth Capital, we have purchased this site as part of our continuing focus on the suburban London market in search for the best value in creating highly desirable living and working environments in London."

Situated just to the west of Albert Bridge in Battersea's creative quarter on the River Thames, the site has an existing planning permission for 118 apartments, eight commercial units and 103 car parking spaces.


CDL's wholly-owned subsidiary, CDL China Limited (CDL China), entered into an equity transfer agreement to acquire a prime Shanghai commercial project for a total transaction value of RMB 900 million (approximately S$186 million). The acquisition will be made through the purchase of a 100% equity stake in Shanghai Meidao Investment Co. (Shanghai Meidao). Shanghai Meidao owns the commercial development currently known as Meidao Business Plaza in Shanghai's fast-developing Hongqiao Central Business District (CBD).

Meidao Business Plaza is strategically located in Huacao, Minhang District, within the Hongqiao CBD. It is situated next to the Shanghai Hongqiao International Medical Center and is surrounded by many international schools, upcoming R&D centres and business parks. Enjoying excellent connectivity, Meidao Business Plaza is around 10 minutes' drive to the Hongqiao Transportation Hub, which includes Hongqiao International Airport and a network of railways, and 15 minutes' drive to the Shanghai National Exhibition and Convention Center.

Strategically located in Shanghai's Hongqiao Central Business District, Meidao Business Plaza comprises five office towers and two levels of basement carpark.



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