Downtown Carpark resource consent approval granted
Resource consent approval has been granted for the development of the Downtown Carpark under the Fast-track Approvals Act 2024, representing a significant milestone in bringing this vision to life.
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.