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Jul 28 - Government And CDI Reach Agreement On Development Of Old Naval Grounds Site

After months of continued negotiations, the Government can now confirm that it has reached an agreement with Commercial Developments Investments Limited (“CDI”) in respect of the Old Naval Grounds site. 
By way of background, CDI had been granted a development licence by the previous GSD administration to develop residential, office and commercial premises as well as a car parking facility in an area of over 11,300 square metres at the site of the Old Naval Grounds.

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