1250 Lakeside Drive Residential Property Divestment
Sector: Residential • Location: Sunnyvale, California, United States
Source: The Business Times
City Developments Ltd (CDL) through its subsidiary Millennium & Copthorne Hotels divested a 250-unit multifamily residential property located at 1250 Lakeside Drive in Sunnyvale, California, part of the Silicon Valley area. The property stands on a 385,000 square foot freehold site and was sold for US$143.5 million to a US-based institutional investor. The development was completed in 2021 and off
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Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
Original status | divested |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
Available timestamp type | Obfuscated Data |
Contact
Contact name | Obfuscated Data |
Phone | 0000000000 |
ObfuscatedData@email.com | |
Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Description
Description | City Developments Ltd (CDL) through its subsidiary Millennium & Copthorne Hotels divested a 250-unit multifamily residential property located at 1250 Lakeside Drive in Sunnyvale, California, part of the Silicon Valley area. The property stands on a 385,000 square foot freehold site and was sold for US$143.5 million to a US-based institutional investor. The development was completed in 2021 and offers apartments ranging from studios to two-bedroom units with contemporary architecture and premium finishes. It features amenities such as a fitness centre, coworking spaces, and lakeside trails linked to nearby parks and attractions. The divestment is part of CDL's strategy to reduce gearing and redeploy capital to maximize shareholder returns. |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
Budget | 000000000000000 |
Location
Region | Obfuscated |
Country | Obfuscated |
State | Obfuscated Data |
County | Obfuscated |
Location | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
Project Type | Obfuscated Data |
Article Published Date | Obfuscated Data |