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CDL net profit down 13.1%

Group has acquired five prime freehold properties in UK for £152m

CITY Developments Ltd (CDL), which posted a 13.1 per cent drop in net profit to $119.7 million for the first quarter ended March 31, 2014, has acquired five prime freehold properties in the UK for £152 million (S$318.9 million) since September last year.

Besides the £80 million purchase...

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