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CVC Limited (ASX:CVC)

ALERT: Price-sensitive ASX Announcement for CVC
Current share price for CVC : $1.850 -0.21 (-10.19%)+
Announcement
Release
18 May 2026 10:51AM
Price at Release
$2.060
Full Release
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Summary
CVC Limited announces a market update regarding the Liverpool investment project. The company holds a significant interest in LAC JV Pty Ltd, which has made a decision not to proceed with a planning proposal for rezoning the property located at 1 Heathcote Road, Liverpool, NSW. The property retains its E4 General Industrial zoning following the NSW Department of Planning, Housing and Infrastructure's assessment that identified structural and infrastructure limitations as reasons for ceasing the proposal. Despite this, CVC remains optimistic about the property's industrial potential in the metropolitan Sydney area, considering high demand and constrained supply in the industrial sector. CVC acknowledges the efforts of all stakeholders involved in the assessment process and is committed to exploring the property's potential under its current zoning.
Key Points
  • CVC holds 66.7% interest in LAC JV Pty Ltd for the Liverpool project.
  • The property at 1 Heathcote Road is approximately 16.7 hectares.
  • Initial planning proposal aimed to rezone for mixed-use development.
  • NSW DPHI decided not to proceed with rezoning due to constraints.
  • Property remains zoned E4 General Industrial.
  • CVC optimistic about industrial potential due to demand.
  • Acknowledgement of stakeholders' efforts in assessment.
  • CVC to pursue optimal strategy under current zoning.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.