CDI: Sale of Auckland Land
MKTUPDTE
Tue, Apr 27 2021 09:45 am
CDL Investments New Zealand Limited (NZX:CDI) advises that it has reached agreement with Fernbrook Property (No.1) Limited for the sale of its land at 9 Jerry Green Street, Wiri. The land is 3.8320 hectares and is currently zoned Business - Heavy Industry Zone.
Settlement of the sale is to take place in January 2022 and the terms of sale and sale price are both confidential to the parties.
CDI Managing Director Mr. BK Chiu said that the sale was beneficial to the company and the proceeds would be utilised for further land purchases and development.
No further announcement will be made by either party until settlement of the transaction in 2022.
-ENDS-
Issued by CDL Investments New Zealand Limited
Announcement PDF
Markets News
Finance
Kids KiwiSaver mooted to invest in children's future
Proposed savings programme could accumulate up to $18 billion in 18 years.
Primary Sector
Why Bremworth had to ditch its wool-only strategy
Carpet maker had private talks about the Godfrey Hirst deal after its AGM.
Markets
Mainfreight result lifts market as investors eye Infratil update
Positive news from the logistics and transport company has buoyed the NZX.
