CDL Investments has reported an increase in profit for the year ended December 2024, attributed to more optimistic market conditions.
The company's pre-tax result reached $26.8 million, a significant increase from the previous year.
CDL Investments highlighted the inclusion of two key projects in the Fast Track Approvals legislation as a positive development.
The Arataki Road project will provide much-needed residential sections, while the R2 Growth Cell landholdings will offer mixed-use development sites in Hamilton.
The company also mentioned its focus on building up its development portfolio through key acquisitions in Nelson and Christchurch.
CDL Investments expressed its commitment to sustainability and said it has been working on embedding sustainability practices across its business.
The company's landholdings increased by 39% over the past five years, from 224 hectares in 2019 to 311 hectares now.
CDL Investments said it will continue to seek opportunities to expand its land portfolio.
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