CDI subsidiary enters into new banking facility with ANZ

07/08/2026 09:35 NZST, GENERAL

CDI subsidiary enters into new banking facility with ANZ

CDI (NZX: CDI) announces that its wholly owned subsidiary, CDL Land New Zealand Limited (CDL), has entered into a new $20 million flexible credit facility with ANZ Bank New Zealand Limited.

The facility is for property portfolio funding and provides additional funding flexibility as CDI continues to progress its broader strategic programme. The facility has a term of 24 months and is supported by security over the Group’s Wiri properties and related rights, together with the existing cross guarantee and indemnity between CDI and CDL.

Chief Executive Officer Jason Adams said the facility supports CDI’s disciplined approach to capital management and provides flexibility as the Company continues to progress its development programme.

“The facility gives CDI additional flexibility to manage the timing of property portfolio funding requirements while we continue our broader strategic programme,” said Mr Adams.

ENDS

Issued by CDI

About CDI: CDI is a nationwide land developer with more than 30 years' experience delivering high-quality residential, retail and industrial developments across New Zealand. With a disciplined approach to capital allocation, careful project execution and a strong focus on long-term value creation, we have built a reputation for reliable delivery and well-planned communities.

CDI is majority owned by Millennium & Copthorne Hotels New Zealand Limited (NZX: MCK).

Enquiries to: Jason Adams, Chief Executive Officer, 027 683 7220