CDL will be a key beneficiary in the collective sale of Tanglin Shopping Centre

WILL the ongoing collective sale tender of Tanglin Shopping Centre present City Developments (CDL) with an opportunity to exit the ageing office, retail and car parking complex at a nice gain?

Or would CDL want to take full control of the freehold asset just off Orchard Road?

The mainboard-listed group, through an indirect fully-owned subsidiary of its privatised hotel arm Millennium & Copthorne Hotels, owns nearly 35 per cent of the share value and about 60 per cent of the strata area in Tanglin Shopping Centre.