Highlights

  • CDL Investments' Middle Road project has been accepted for referral under New Zealand's Fast-track Approvals process.
  • The proposed development is expected to deliver approximately 300 to 350 residential sections in Havelock North.
  • The project aims to expand housing supply while supporting long-term regional development in Hawke's Bay.

Overview

CDL Investments New Zealand Ltd (NZX:CDI) has received Fast-track referral approval for its proposed Middle Road residential development in Havelock North, Hawke's Bay. The project is expected to create around 300 to 350 residential sections, supporting future housing demand in the region. The approval marks an important milestone for CDI's development pipeline, allowing the company to progress to the next stage of the Fast-track Approvals process while continuing engagement with councils, iwi, technical specialists and other stakeholders.

Project Advances to Next Approval Stage

The Minister's decision to accept the referral application enables CDI to prepare and submit its substantive Fast-track application. The company views the referral as an important procedural step that supports the progression of its Hawke's Bay development pipeline while maintaining collaboration with relevant authorities and community stakeholders throughout the assessment process.

Development Aims to Support Housing Supply

The Middle Road project is designed to increase the availability of residential land in Havelock North by delivering around 300 to 350 sections. CDI believes the development could broaden housing choice, accommodate future population growth and contribute to regional economic activity through ongoing residential development over time.