Market Alert: Strong Nuclear Tensions in South Asia Assessing the Fallout on Global Equity Markets
Precinct Properties (NZX: PCT) is evaluating whether to proceed with the government’s fast-track approval process or follow the standard consenting route for its Downtown redevelopment in Auckland, CEO Scott Pritchard confirmed. The project, which includes two new towers on the former Downtown carpark site, is among 149 developments eligible for expedited approval under the Fast-track Approvals Act, introduced in December. Precinct had already applied for resource consent before the law took effect, and a decision on the approval pathway is expected soon.
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