NZ's CDL Investments jumps on securing tenants for retail centre

CDL Investments New Zealand

02/12/2021 22:46

** Shares of CDL Investments New Zealand Ltd  CDI.NZ  rise
as much as 2.8% to NZ$1.09, their biggest intraday percentage
climb since Nov. 19
    ** The NZ-based real estate developer says a fifteen unit
retail centre was scheduled to be completed by the end of this
year, and retail tenants had already been secured for entry in
February 2022  urn:newsml:reuters.com:*:nNZWbVB2rl 
    ** "Despite some initial setbacks caused by the lockdowns,
we remain positive and expect to be able to report results for
this year comparable to 2020," says CDL Investments' managing
director BK Chiu
    ** Stock hits highest level since Nov. 19
    ** About 29,000 shares have been traded, about 1.5x the
30-day average
    ** Stock has risen 1% this year, as of last close 
    


 (Reporting by Harshita Swaminathan in Bengaluru)
 ((Harshita.Swaminathan@thomsonreuters.com))