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CityDev in tie-up to acquire Tokyo site for 30.5b yen

Wednesday, October 1, 2014 - 00:00
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Mr Kwek: 'This acquisition is in line with CDL's strategy to accelerate overseas expansion... We see potential to develop luxurious, high-end condominiums.' - FILE PHOTO

CITY Developments Limited (CDL) has stepped up its overseas expansion with a maiden acquisition of a residential site in Japan.The group announced on Tuesday that it has tied up with a US-based investment firm to acquire a prime freehold land site in Tokyo for 30.5 billion yen (S$355.5 million)

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