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CVC LIMITED — Capital/Financing Update 2014
Jun 10, 2014
64728_rns_2014-06-10_c6b5f50b-c998-4ae2-93c9-4434394e4e2c.pdf
Capital/Financing Update
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11 June 2014
Australian Securities Exchange Limited 20 Bridge Street Sydney NSW 2000
By: e-lodgement
Attention: Company Announcements Office
Marsden Park North
CVC Limited (‘CVC’) (ASX: CVC) advises that the NSW Department of Planning and Environment has released for planning Marsden Park North under the NSW Government’s Precinct Acceleration Protocol for the North West Growth Centre. This allows for the planning of residential lots for approximately 4,000 new homes to be built in the future and is in close proximity to the planned north west rail link.
The Marsden Park North precinct has an area of approximately 1,227 hectares and sits on the north-western edge of the North West Growth Centre on Richmond Road, Riverstone. Within the precinct, there are two major landholdings totalling approximately 868 hectares of which CVC holds a 66% interest in a landholding of approximately 153 hectares.
This represents the first of many stages of the transformation of the site from rural land into residential homes.
Now that the precinct has been released, the precinct planning process will commence. The Department of Planning and Environment will work closely with Blacktown City Council and other agencies such as Sydney Water to identify the future zoning and development controls for the Precinct.
John Hunter Company Secretary
CVC Limited Level 6 T 02 9087 8000 ABN34 002 700 361 1 Alfred Street F 02 9087 8088 AFSL 239665 Sydney NSW 2000 www.cvc.com.au