City Developments Limited
City Developments Limited (CDL) is a real estate operating organisation.[1]. It owns, develops, manages and sells properties[1]. The company is owned by Hong Leong Group[1]. CDL is listed on the Singapore Stock Exchange and its ticker is C09[1]. The company's market capitalisation value is SGD 9.56 billion[1]. CDL has developed many types of properties from shopping malls to integrated developments[1]. Such properties include Republic Plaza, City Square Mall and City Square Residence condominium[1].
CDL has put in efforts to develop green buildings[2]. For example, the property developer acquired acquired a loan to upgrade Republic Plaza and maintain the building's green mark platinum score[2]. In 2017, to repay the loan, CDL offered a 2-year green bond, that is secured against Republic Plaza[2].
In 2019, according to Corporate Knights, CDL had the second highest score in terms of sustainability in Asia Pacific. In 2020, the company was ranked third.[3]. Reasons for this included increase in energy usage[3].
Millenium & Copthorne Hotels[edit]
After Millenium & Copthorne Hotels Plc was established, CDL expanded overseas by buying hotels in New York, New Zealand and Australia[4]. To manage its overseas hotel chains, CDL set up 3 management companies[4]. One company would manage hotels in New Zealand and Australia, another would manage hotels in Singapore, Malaysia, Hong Kong, Manila and Taiwan, and the third would manage hotels in New York and and Europe[4]. Today, CDL holds 65.2% of MnC[5]
References[edit]
- ↑ 1.0 1.1 1.2 1.3 1.4 1.5 1.6 Jacky, C. S. (2017-06-20). "7 Things You Need To Know About City Developments Limited". Value Invest Asia. Retrieved 2020-01-07.
- ↑ 2.0 2.1 2.2 "City Developments markets Singapore's first Green bond". Reuters. 2017-04-06. Retrieved 2020-02-20.
- ↑ 3.0 3.1 Eco-Business. "Japanese plastics firm shines for Asia in ranking of world's greenest corporate giants". Eco-Business. Retrieved 2020-02-20.
- ↑ 4.0 4.1 4.2 Deutsch, Claudia H. (1995-08-20). "Commercial Property/CDL Hotels International; Buyer of Major Hotels Remains a Bit of an Unknown". The New York Times. ISSN 0362-4331. Retrieved 2020-02-21.
- ↑ "Millennium & Copthorne Hotels chief leaves after just three months in charge". CNA. Retrieved 2020-02-21.
This article "City Developments Limited" is from Wikipedia. The list of its authors can be seen in its historical and/or the page Edithistory:City Developments Limited. Articles copied from Draft Namespace on Wikipedia could be seen on the Draft Namespace of Wikipedia and not main one.
|
This page exists already on Wikipedia. |
