CDL should consider splitting its business, listing a trust to realise shareholder value

THERE are several local companies that are over a hundred years old. Still, turning 60 marks a major milestone for any business.

Given its rapid growth, City Developments Limited (CDL), which turned 60 recently, has plenty to celebrate. 

The real estate company started as a housing developer with eight employees at a rented office in Amber Mansions along Orchard Road in September 1963. Today, CDL is a global group with over 8,000 employees. Its geographically diverse portfolio comprises homes, offices, hotels, serviced apartments, student accommodation, malls and integrated developments.