CORRECT: Kiwi Property emerges with rival deal to take NPT management

Tue, 13 Dec 2016

(Fixes reference to KPG share issue in 2nd paragraph, updates shares in last paragraph) By Paul McBeth Dec. 13 (BusinessDesk) - Kiwi Property Group, the country's biggest listed property investor, has put forward a deal to take over the management of NPT that would see it sell two Wellington properties to the smaller company, and has won the backing of the target's board, trumping a rival bid by Augusta Capital. Auckland-based Kiwi Property plans to sell the North City Shopping Centre in Porirua and Majestic Centre in downtown Welling...

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