Profile: City Developments Ltd (CDEVY.PK)
City Developments Limited (CDL), incorporated on October 1, 1963, is a real estate operating company with its presence in approximately 94 locations in over 26 countries. The Company's principal activities are those of a property developer and owner, and investment holding. Its portfolio includes residences, offices, hotels, serviced apartments, integrated developments and shopping malls, totaling over 18 million square feet of floor area across the globe. The Company's segments include property development, hotel operations, rental properties and others. The principal activities of the subsidiaries are those of property developers and owners, hotel owners and operators, a club operator and owner, investment in properties and in shares, property management, project management and provision of consultancy services, hospitality-related information technology, procurement services and provision of laundry services.
The property development segment develops and purchases properties for sale. Its subsidiary, CDL Management Services Pte. Ltd., is engaged in provision of project and property management and consultancy services.
The hotel operations segment owns and manages hotels. The subsidiaries that are engaged in hotel owning and operating include Beijing Fortune Hotel Co., Ltd., CDL Hotels (Chelsea) Limited, CDL Hotels (Malaysia) Sdn. Bhd., CDL Hotels (Korea) Ltd. and Chicago Hotel Holdings, Inc.
Through the rental properties segment, CDL develops and purchases investment properties for lease. The Company's investment properties include commercial, residential, hotel and industrial properties.
The others segment includes club operator and owner, investment in shares, property management, project management and consultancy services. It also provides information technology and procurement services, and laundry services.
City Developments Ltd
36 Robinson Road, #20-01 City Ho