Development Holdings (Private) Limited (DHPL) was formed in 1993 as a limited liability company and carries on the business of Property Management. It is a subsidiary of National Development Bank PLC (NDB) which holds 58.66% of the shares and the balance 41.34% is held by Sri Lanka Export Development Board (EDB).

DHPL owns and maintains the DHPL building (also known as NDB-EDB Tower), the 16-storeyed commercial property located at No. 42, Nawam Mawatha, Colombo 02. The DHPL building houses Sri Lanka Export Development Board (EDB), several departments of the NDB Bank and many other reputed global and local corporate and multi-lateral agencies.