March 25, 2020 / 4:59 AM / in 11 days

BRIEF-City Developments Says Unit CDL Investments New Zealand Confident All Agreements For Sale Of Land It Currently Holds Will Settle During This Year

March 25 (Reuters) - City Developments Ltd:

* UNIT CDL INVESTMENTS NEW ZEALAND CONFIDENT ALL AGREEMENTS FOR SALE OF LAND IT CURRENTLY HOLDS WILL SETTLE DURING THIS YEAR

* UNIT SEES DELAYS IN REGULATORY SITE INSPECTIONS AND ISSUANCE OF TITLES GIVEN IMMINENT LOCK DOWN OF NON-ESSENTIAL SERVICES

* UNIT SAYS SALES ACTIVITY NOT AFFECTED BY LOCK DOWN

* UNIT ADVISED ALL OF ITS CONTRACTORS TO STOP DEVELOPMENT WORKS IMMEDIATELY Source text for Eikon: Further company coverage:

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