CDI: Sale of Auckland Land
Level 13, 280 Centre, 280 Queen Street,
P. O. Box 3248, Auckland 1140, New Zealand
Ph (09) 353 5005 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 27 April 2021
Subject SALE OF AUCKLAND LAND TO FERNBROOK PROPERTY
CDL Investments New Zealand Limited (NZX:CDI) advises that it has reached agreement with
Fernbrook Property (No.1) Limited for the sale of its land at 9 Jerry Green Street, Wiri. The land is
3.8320 hectares and is currently zoned Business - Heavy Industry Zone.
Settlement of the sale is to take place in January 2022 and the terms of sale and sale price are both
confidential to the parties.
CDI Managing Director Mr. BK Chiu said that the sale was beneficial to the company and the proceeds
would be utilised for further land purchases and development.
No further announcement will be made by either party until settlement of the transaction in 2022.
-ENDS-
Issued by CDL Investments New Zealand Limited
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