CDL Investments releases new sections in Auckland

Level 13, 280 Centre, 280 Queen Street,
P. O. Box 3248, Auckland 1140, New Zealand
Ph (09) 353 5077 Fax (09) 309 3244 Email: admin@cdli.co.nz


S T O C K E X C H A N G E A N N O U N C E M E N T

Date 23 December 2019

Subject CDL INVESTMENTS RELEASES NEW SECTIONS
IN AUCKLAND

NZX-listed property developer CDL Investments New Zealand Limited (NZX:CDI) is pleased to
announce the start of sales at two of its Auckland developments – one at Kewa Road, Albany
Heights, North Shore and the other at Dominion Road, Papakura
, South Auckland.

Sales at the Dominion Road subdivision have exceeded expectations with the first 44 lots of 45 in
Stage 1 already under contract.

“This says a lot about the demand for affordable sections in Auckland as well as the high quality
product that CDI has been able to produce”, said CDI Managing Director Mr. BK Chiu.

The Dominion Road development is well located and close to public transport links and motorway
access. Section sizes at this development range from 400m
2
to 493m
2
with pricing starting at
$372,500. When fully developed, the total number of sections CDI will have sold over 90 sections.

Mr. Chiu also said that progress on additional stages was well advanced. “We expect stage 2 of the
Dominion Road development will be ready for marketing in the first quarter of 2020”, he said.

The Kewa Road development, perched on top of the northern hills of the Oteha Valley, has views of
Rangitoto Island to the east and the Waitakere Rangers to the west. It is close to Westfield Albany
and the Oteha Valley Park & Ride. This 92-lot residential development offers purchasers a wide range
of section sizes, from 500m
2
to 1,000m
2
plus with pricing starting from $650,000. Sales at Kewa Road
will commence early in 2020.

“Our Kewa Road sections will appeal to those who are looking to build on the North Shore and our
Dominion Road sections will meet the market for affordably priced sections”, said Mr. Chiu.

CDI’s Dominion Road development is being marketed by Logan Boersma of P&H Realty and its Kewa
Road development is being marketed by Raymond Li of Barfoot & Thompson.

-ENDS-

For general enquiries:
BK Chiu / Jason Adams
CDI Managing Director / CDL Land New Zealand Limited Executive Director/ General Manager
(09) 353 5058

For Dominion Road sales enquiries:
Logan Boersma, P&H Realty, 021-836-968

For Kewa Road sales enquiries:
Raymond Li, Barfoot & Thompson, 021-801-588