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Residential property developer confident of riding out economic downturn

But CDL Investments is not predicting an 11th consecutive year of profit growth.

CDL Investments, one of the country’s long-term residential property developers, told shareholders today at its annual meeting that it is already starting to see the signs of rising unemployment and a struggling economy on the housing market.

The listed developer is 66.25% owned by Millenium &

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Fiona Rotherham Tue, 26 May 2020
Contact the Writer: fiona@nbr.co.nz
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Residential property developer confident of riding out economic downturn
Property,
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