Council approves shopping centre despite liquidation status

A SHOPPING centre development has been given the green light by Rockhampton Regional Council's planning and development committee despite the applicant being in liquidation.

The application from LM Investment Management Ltd includes a child care centre, shops, offices, medical centre, indoor sports and recreation centre and takeaway food store/restaurant.

The proposed development is earmarked for a 25,920sqm site in Lakeside Drive, Taroomball.

"Aren't they in liquidation?" Councillor Tom Wyatt asked, when the matter came up for discussion at the meeting.

The committee was told there was no restriction on who could lodge a development application.

In August this year, creditors resolved that LM Investment Management Limited be placed in liquidation.

Administrators John Park and Ginette Muller, of FTI Consulting, were appointed to wind up the company.

The committee voted to approve the application.

The officer's recommendation indicated the services supported residential development without detracting from the core commercial services offered within the CBD.



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