CDEVF

Company Overview

City Developments Limited (CDL) operates as a prominent international real estate firm, extending its operations across 103 sites in 29 different nations and territories. Traded on the Singapore Exchange, this Group ranks among the biggest corporations when measured by market value. Its extensive and robust asset portfolio, generating consistent revenue streams, encompasses residential properties, office spaces, hotels, furnished apartments, mixed-use projects, and retail complexes. Possessing more than five decades of established experience in property development, investment, and asset management, CDL has constructed over 43,000 residential units and holds ownership of more than 18 million square feet of rentable commercial space worldwide. The company's varied worldwide land holdings provide potential for developing 4.1 million square feet of gross floor area. Millennium & Copthorne Hotels (M&C), the Group's hotel division headquartered in London, stands as one of the globe's foremost hospitality chains, managing in excess of 145 hotels internationally, frequently situated in major urban hubs. Capitalizing on its profound proficiency in cultivating and overseeing a varied asset base, the Group aims to improve its portfolio's performance and reinforce its steady revenue sources, thereby ensuring lasting value for its investors. Furthermore, the Group is establishing a fund management operation, with an ambitious goal of reaching US$5 billion in Assets Under Management (AUM) by the year 2023.

Earnings & Financials