GEOGRAPHICAL DIVERSIFICATION.As part of the Group 's strategic focus to diversify geographically.And accelerate overseas expansion several groundbreaking,,Acquisitions were made in 2014.In September CDL made, its maiden foray into residential.Development in Japan. It acquired majority interest in a prime.Freehold land site in Tokyo from Seiko Holdings Corporation.For with 30.5 billion (or approximately $355.5 million).The expansive 16 815 square, metre (SQM) (approximately.4.2 acres) land parcel is located in the prestigious residential.Enclave of the Shirokane area in Tokyo ', s Minato ward where.The offices of many multinational corporations and numerous.Foreign embassies are situated. The lushly landscaped site.Houses, a mansion the former residence of Seiko ', s founderMr Kintaro Hattori. CDL plans to, develop luxurious high-end.Condominiums on the site.In December CDL China, Limited (CDL China), a wholly-owned.Subsidiary of, the Group gained a foothold in Shanghai by.Acquiring Shanghai Jingwen Zhaoxiang Real Estate Limited.(Jingwen) for RMB 799 million. Jingwen s completed 120-unit. 'Luxury residential development in Qingpu district s affluent. 'Residential corridor is built on a 163 837 sqm, land parcel with.Lush well landscaped, greenery.CDL China continues to push forward with the development of.Its two projects in Chongqing 's Yuzhong district - the 126-unit.Eling Residences and the, mixed-use Huang Huayuan project.Comprising three high-rise residential towers 150-room Hotel,,Coco Palms - one of the top - selling projects in Singapore in 2014. And mall.Artist s Impression. '60.As for Suzhou Hong Leong City Center CDL China, s sizeable. 'Mixed-use development next to Jinji Lake in Suzhou Industrial.Park the construction, has gone smoothly and much progress.Has been made. Although the project has not been officially.Launched for sale it has, garnered much interest from the public.And subsequently a decision was made to release a small number.Of units all of, which have been snapped up by eager buyers.On the, hospitality front Millennium & Copthorne Hotels PLC.(M&C), the Group 's London-listed subsidiary made several,,Acquisitions in key gateway cities. In March M&C completed, the.65 pounds million acquisition of The Chelsea Harbour Hotel, in LondonAn all-suite hotel in the upscale Chelsea district. Bordering the.River Thames it offers, 154 suites and four penthouses.
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