The newly acquired land is set to become part of the wider Industrial Park Precinct which will be developed into multiple industrial lots.
CDL Investments New Zealand (CDI), through its wholly-owned subsidiary CDL Land New Zealand has entered into an agreement to purchase 10.08 hectares of land located in Burnside, Christchurch for NZ$17.1 million ($13.93 million).
Listed on the New Zealand’s Exchange, CDI is a 65.5%-owned subsidiary of City Developments (CDL).
