City Developments Limited (CDL) has been Singapore's property pioneer since 1963. It is a Singapore listed international property and hotel conglomerate involved in real estate development and investment, hotel ownership and management, facilities management and the provision of hospitality solutions.
With an extensive network of more than 400 subsidiaries and associated companies under its wings, the Group currently owns and manages a solid portfolio of residential and investment properties, including hotels. CDL's network spans 91 locations across 25 countries, encompassing Asia, Europe, the Middle East, North America and New Zealand/Australia. Its China division and wholly-owned subsidiary, CDL China Limited, has been strategically making inroads in China's key cities. CDL has also established a real estate platform in the United Kingdom which focuses on acquisitions of real estate in Greater and Central London for development and investment.
CDL holds an impressive track record of having developed over 36,000 luxurious and quality homes across diverse market segments. As one of Singapore’s biggest landlords, it owns close to 7.2 million square feet of floor/lettable area of office, industrial, retail, residential and hotel space locally and globally. Amongst private developers in Singapore, the Group possesses one of the largest land banks, with more than 2.7 million square feet, which can be potentially developed into over 7.6 million square feet of gross floor area.
The Group’s global presence is led by its diversification into hospitality management and the acquisition of hotel assets through CDL’s London-listed subsidiary, Millennium & Copthorne Hotels plc (M&C). As one of the world’s largest hotel groups, M&C owns, asset manages and/or operates 120 hotels globally.
As a socially responsible corporation, CDL is fully committed towards environmental sustainability and has been taking the lead in shaping Singapore’s built environment since the 1990s.
Testament to its commitment towards Corporate Social Responsibility (CSR), sustainable development and holistic approach towards building excellence, CDL was the first company honoured with the President’s Social Service Award and President’s Award for the Environment in 2007 in Singapore. It was also the only developer to be accorded the Built Environment Leadership Platinum Award in 2009 and Green Mark Platinum Champion Award in 2011 by the Building and Construction Authority (BCA), the governing authority for Singapore’s built environment. In 2013, CDL was the first developer to receive the prestigious Quality Excellence Award – Quality Champion (Platinum) and Construction Productivity Award – Advocates (Platinum) from BCA.
CDL has the distinction of being the first Singapore company to be listed on three of the world’s sustainability benchmarks - FTSE4Good Index Series since 2002, Global 100 Most Sustainable Corporations in the World since 2010 and the Dow Jones Sustainability Indices since 2011. It is also listed in the Global Compact 100 Index, Global Real Estate Sustainability Benchmark, MSCI ESG Indices, Euronext Vigeo – World 120, Ethibel EXCELLENCE Investment Register and STOXX® Global ESG Leaders Indices.
CDL is a founding member of Singapore Compact for CSR, and one of the pioneer Singapore signatories of the United Nations Global Compact to lend support to the advancement of responsible corporate citizenship in Singapore.
Information Credit: City Developments Limited