Vestas Investment Management, CDL form strategic alliance for hospitality push

Real estate asset manager Vestas Investment Management said Tuesday it has formed a strategic partnership with Singaporean real estate investment firm City Developments Limited to target domestic hospitality investments. Founded in 1963, CDL is a real estate investment firm listed on the Singaporean stock market with a capitalization of approximately 7.5 trillion won ($5 billion). It specializes in residential and commercial real estate, as well as the hotel industry. Under the partnership, CDL

By The Korea Herald