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Sofitel Brisbane Central - Facade

Singapore’s CDL Buys Brisbane Hotel From Brookfield for $119M

2023/03/22 by Beatrice Laforga Leave a Comment

City Developments Ltd has agreed to buy a five-star hotel in central Brisbane from Canada’s Brookfield Asset Management for A$177.7 million ($119 million), as Australia continues to attract Singaporean investors.

CDL, through a joint venture equally owned by its Millennium… Read More>>

Grace Woo Chia-ching, executive director of CK Asset (Getty Images)

Asia Real Estate People in the News 2023-03-20

2023/03/20 by Michael Cole Leave a Comment

Senior changes at developers in Hong Kong and mainland China lead this week’s review of personnel changes in Asia, with CK Asset saying farewell to a long-time executive director and Dalian Wanda’s mall unit losing its chairman and president. Also… Read More>>

St Katharine Docks London

CDL Completes $468M Buy of London Mixed-Use Complex From Blackstone

2023/03/09 by Christopher Caillavet Leave a Comment

Singapore’s City Developments Ltd has completed its purchase of the St Katharine Docks complex in central London from funds advised by Blackstone for £395 million ($468.2 million).

The property spans more than 500,000 square feet (46,450 square metres) of office,… Read More>>

CDL chairman Kwek Leng Beng

City Developments Delivers Earnings Surge and More Asia Real Estate Headlines

2023/02/23 by Christopher Caillavet Leave a Comment

In today’s roundup of regional news headlines, Singapore giant City Developments Ltd rides the hospitality recovery to an upbeat earnings report, and Chinese data centre operator GDS contemplates a stake sale after a reported data breach.

CDL’s… Read More>>

Ist mall by DaFa

EY Walks Away From Auditing Mainland Developer and More Asia Real Estate Headlines

2023/02/21 by Christopher Caillavet Leave a Comment

In today’s roundup of regional news headlines, mainland developer DaFa announces the resignation of its auditor, and HSBC’s CEO offers an upbeat take on China’s beleaguered property sector.

EY Resigns as DaFa Auditor Over 2022 Results Dispute… Read More>>

CDL chairman Kwek Leng Beng

Singapore’s CDL in Talks To Buy London Complex From Blackstone for Reported $496M

2023/01/30 by Beatrice Laforga Leave a Comment

Singapore’s City Developments Ltd is in exclusive negotiations to purchase the St Katharine Docks complex in London from Blackstone at a reported price of nearly £400 million ($495.7 million) as the American private equity titan says it is facing a… Read More>>

sherman kwek CDL

CDL Buys 5 UK Student Housing Assets for $266M

2022/12/15 by Christopher Caillavet Leave a Comment

City Developments Ltd has beefed up its student housing portfolio in the UK with the acquisition of five properties for £215 million ($266.5 million), as the asset class continues to attract Singaporean investors to Britain and continental Europe amid a… Read More>>

Frank Khoo CDL

Asia Real Estate People in the News 2022-12-05

2022/12/05 by Michael Cole Leave a Comment

A director change at a Singapore-listed REIT leads this week’s collection of personnel moves from around the region, as Singapore’s CDL sees the departure of its chief investment officer. There’s also a new finance boss at Hong Kong-listed Kerry Properties,… Read More>>

sherman kwek CDL

Low Inventory Slowed CDL’s Q3 Home Sales in Singapore

2022/12/01 by Christopher Caillavet Leave a Comment

City Developments Ltd maintained what it dubbed a “resilient performance” across business segments in the third quarter of 2022, as the Singaporean property giant’s sales slowed in the absence of new project launches.

CDL and its joint venture associates sold… Read More>>

Copen Grand First EC in Tengah

CDL, MCL Land Project Sells Out in One Month as Singapore Market Stays Hot

2022/11/28 by Christopher Caillavet Leave a Comment

Singapore’s red-hot housing market is extending its reach even to far-flung Tengah Town, as an executive condominium by City Developments Ltd has sold out just one month after the project’s launch in the western planning area.

All of the remaining… Read More>>

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