CDL Investments New Zealand (NZE:CDI) said its R2 Growth Cell and Arataki Road project developments will be included in the fast-track approvals bill currently going through New Zealand Parliament, according to a Monday filing with the New Zealand bourse.
If approved, the land developer would have a pipeline of development projects in Hamilton and Havelock North to meet growing demand in those areas, the filing stated.
CDL Investments shares rose almost 1% in recent Monday trade.
Price (NZD): $0.75, Change: $+0.01, Percent Change: +0.67%
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.