CVC Limited Advances Industrial Development with Officer South Rezoning

CVC Limited ( (AU:CVC) ) has provided an announcement.

CVC Limited has announced the successful rezoning of land within the Officer South Employment Precinct Structure Plan (PSP) in Victoria, which it holds in a joint venture with a private developer. The rezoning allows for core industrial development on approximately 23.3 hectares of land, positioning Officer South as a key industrial location in Melbourne’s south-east corridor. The joint venture plans to advance planning approvals and authority engagements to ensure immediate development commencement upon settlement in February 2028. This strategic move is expected to enhance CVC’s industrial asset portfolio and strengthen its market position.

More about CVC Limited

CVC Limited operates in the investment and development industry, focusing on strategic land acquisitions and partnerships. The company is involved in joint ventures to develop industrial and commercial properties, with a market focus on growth corridors and employment precincts.

YTD Price Performance: -10.43%

Average Trading Volume: 8,237

Technical Sentiment Consensus Rating: Sell

Current Market Cap: A$240.3M

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