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22 Nov 2024

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CDI - Tax change will affect CDI interim results
CDL Investments New Zealand Limited (CDI) advises that changes to tax legislation which removed the ability to claim tax depreciation on commercial buildings will result in a one-off, non-cash deferred tax liability adjustment

CDI 2022 Interim Results
NZX-listed property development and investment company CDL Investments New Zealand Limited (NZX:CDI) today released its (unaudited) results for the six months to 30 June 2022 and reported an operating profit after tax of $22.90 million (2021: $20.75 milli

CDI: Judicial Review Proceedings Update
Residential property developer CDL Investments New Zealand Limited (NZX: CDI) and its wholly owned subsidiary CDL Land New Zealand Limited (“CDLL”) are both pleased that the High Court has dismissed the judicial review proceedings

CDL Land planning residential development on 70ha in Havelock North
The company obtained Overseas Investment Office approval to buy the 69.4 hectares of land from the Lowe family, earlier this month, for an undisclosed price.

CDL Investments New Zealand Limited (NZX: CDI) 2020 Results Announcement
CDI is pleased to report that, the company recorded a profit after tax of $30.1 million (2019: $34.1 million) in 2020, which is a very creditable result under challenging circumstances. Profit before tax was $41.8 million (2019: $47.4 million)

CDL Investments New Zealand Market Update 25 March 2020
Government announcement that the COIVD-19 Alert Level being raised to Alert Level 4 on 25 March 2020, CDL Investments New Zealand Limited (NZX:CDI) advises:

CDL Investments would avoid a fourth waiver from listing rules if NZX lowered free-float boom
Listed-residential property developer CDL Investments New Zealand, controlled by hotel operator Millennium & Copthorne Hotels New Zealand, would be one of the biggest beneficiaries if NZX adopts a proposal to reduce the minimum free float to 20 percen

Millennium & Copthorne first-half profit bolstered by CDL property developer
Millennium & Copthorne Hotels New Zealand eked out a 1.7 percent gain in first-half profit largely on a strong performance from the NZX-listed residential property developer CDL Investments, which the hotel operator controls

CDI statement on NZMDT determination
CDL Investments New Zealand Limited (CDI) acknowledges the determination and public announcement released by the NZ Markets Disciplinary Tribunal (the “Tribunal”) today

CDI appoints Jason Adams as Managing Director
CDI advises that after a search process, it has appointed Jason Adams as the Company’s new Managing Director with effect from 1 June 2022. Mr. Adams is currently CDL Land’s Executive Director and General Manager and has been with CDI / CDL Lan

CDI has issued its 2021 Annual Report today
The Board of CDL Investments New Zealand Limited (“CDI”) is pleased to report that the company recorded a profit after tax of $31.3 million in 2021 (2020: $30.1 million). The result reflects another very positive year of sales despite the ongo

Truck driver cleared of blame in fatal Tapanui crash after second inquiry
A second inquiry into a fatal truck crash near Tapanui in 2013, has cleared the driver of blame for the crash.Calder Developments Limited (CDL) employee Murray Brenssell was driving a truck and low-loader semi-trailer on December...

Millennium & Copthorne 1H profit lifted by tourism, CDL property developer
Millennium & Copthorne Hotels New Zealand reported a 24 percent lift in first-half profit as it benefited from growth at NZX-listed residential property developer CDL Investments and a steady tourism market

CDL Investments unfazed by changes to law changes for foreign buyers
Listed-residential property developer CDL Investments New Zealand, controlled by hotel operator Millennium & Copthorne Hotels New Zealand, isn't overly concerned by planned law changes for foreign buyers, although it warns the tweaks may block the con