Kirkcaldie to sell Harbour City property in single sale

Wed, 16 Jul 2014

By Paul McBeth July 17 (BusinessDesk) - Upmarket Wellington retailer Kirkcaldie & Stains says both the front and rear buildings of its Harbour City Centre property will be sold in a single sale and purchase agreement, rather than separately. The stock climbed 6.1 percent before the announcement, made after the close of trading yesterday. The stock rose 13 cents on small volumes to $2.25 ahead before the statement yesterday. Due diligence of the new deal is expected to be completed next month, though that may be extended, after which Kirk...

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