The City of Sydney has slammed property developer Lend Lease’s revised concept plan for Sydney’s Barangaroo South, also known as Modification 8.
In its 42-page submission to New South Wales (NSW) Department of Planning and Environment, following Lend Lease’s planning application, the council said “Modification 8 is not in the public interest” and “a new concept plan application should be carried out for the Barangaroo site.” Furthermore, it urged the NSW state government to refer the concept plan to an independent consultant for assessment.
imo, this isn't ideal for both LLC and CWN, perhaps a reason for both stocks being slammed in recent times, but apart from a delay to the project, this shouldn't cause too much concern.
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