City Developments Limited

City Developments Limited (CDL) stands as a prominent global real estate powerhouse, boasting an expansive operational footprint spanning 103 sites across 29 nations and territories. Publicly traded on the Singapore Exchange, it ranks among the largest corporations by market capitalization. CDL boasts a robust and geographically diversified portfolio of assets, generating stable income from a blend of residential properties, commercial offices, hotels, serviced residences, integrated developments, and retail complexes. Leveraging an impressive track record exceeding 55 years in real estate development, investment, and management, the company has successfully delivered over 43,000 homes and maintains ownership of more than 18 million square feet of leasable area worldwide. Furthermore, its extensive global land holdings provide a substantial 4.1 million square feet of potential gross floor area for future development. A significant component of the Group is its London-headquartered hotel division, Millennium & Copthorne Hotels (M&C), which operates as one of the world's most extensive hotel chains, encompassing over 145 establishments globally, many strategically located in key international cities. Capitalizing on its profound expertise in developing and managing a broad spectrum of assets, CDL's strategic focus is directed towards optimizing portfolio performance and fortifying its recurring revenue streams, thereby ensuring enduring value creation for its shareholders. Additionally, the Group is actively establishing a fund management enterprise, with an ambitious target to reach US$5 billion in Assets Under Management (AUM) by the close of 2023.

CEO: Eik Tse Kwek - https://www.cdl.com.sg