CDL Investments New Zealand Limited is an Auckland-headquartered land development company which undertakes development of land into residential subdivisions.
It currently has active development sites in Auckland, Hamilton, Hawkes Bay and Canterbury.
Over the past thirty years, it has made significant land purchases and successfully completed numerous subdivision projects in Auckland, Hamilton, Tauranga, Havelock North, Nelson, Christchurch, Rolleston (Canterbury) and Queenstown.
It is majority owned by NZX-Listed Millennium & Copthorne Hotels New Zealand Limited (NZX:MCK) and is part of the Hong Leong group of companies which is headquartered in Singapore.
The following information was extracted from CDL Investments NZ Limited's Half year results, released 12 August 2025
Financial Performance:
For the six month period ending 30 June 2025 CDL Investments New Zealand Limited (“CDI”) made an unaudited operating profit after tax of $3.57 million (2024: $2.74 million*). The result reflects current market conditions which have been more subdued than anticipated. The effects of recent reductions in bank lending rates have not yet translated to increased activity in housing and other property markets.
CDI recorded an operating profit before tax to $5.05 million (2024: $9.21 million) and recorded property sales and other income for the period of $13.81 million (2024: $16.61 million). The Company’s Net Asset Backing (at cost) for the period was 107.50 cents per share (2024: 105.20 cents per share).
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