Kiwi Property to resume dividends as shoppers hit the mall

Mon, 22 Jun 2020

Kiwi Property Group will pay dividends this financial year after a brief suspension as the number of people visiting its shopping centres has returned to normal levels. Since New Zealand moved to alert level 2 on May 14, the average pedestrian count in Kiwi Property’s shopping centres, such as Sylvia Park in Auckland and The Plaza in Palmerston North, is up 1 percent on the same period last year. Kiwi Property said last month that retail traffic had already been surprisingly strong, down only 8 percent during alert level 2. While it had a...

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