CDL Investments New Zealand Limited (CDI) said on Feb, 25 2026 that its wholly owned unit, CDL Land New Zealand Limited, has obtained approval from the Government’s Expert Consenting Panel under the Fast-track Approvals Act for a 171-lot residential subdivision on Arataki Road, Havelock North.

The 11-hectare site, located about 2.5 km east of the Havelock North village centre, is now subject to a 20-working-day appeal period.

Chief Executive Officer Jason Adams said the decision brings certainty to the company’s Hawke’s Bay development pipeline and will add housing supply to the region. Subject to the appeal outcome, earthworks are expected to begin in the 2026/27 construction season, with the project to be delivered in three stages.

The company said the approval aligns with its strategy of advancing consent-ready developments while maintaining disciplined capital management in the recovering residential market.