Precinct Properties Group Precinct is pleased to announce that resource consent approval has been granted for the development of the Downtown Carpark under the Fast-track Approvals Act 2024.
The Expert Panel issued the final decision today, marking a significant milestone in advancing the Downtown Carpark development opportunity.
Precinct Chief Executive Scott Pritchard said: "This approval represents an early but important milestone in the development programme, and we are pleased with the progress it reflects. We expect to provide the market with a more comprehensive update at Precinct's annual results in August."
As previously announced, Precinct has partnered with a Main Contractor, Built, to undertake Early Contractor Involvement (ECI) until April 2027. This key procurement workstream together with preleasing and funding capacity progress, will inform any commitment to the development.