Kiwi Income manager stays mum on internalisation proposal, sees retail, Auckland office improving

Tue, 30 Jul 2013

July 31 (BusinessDesk) - The manager of Kiwi Income Property Trust didn’t give investors any more clues on a proposal to bring its contract inhouse, but did share growing optimism about state of retail and Auckland office space. Kiwi Income Properties Ltd chairman Mark Ford told today’s annual meeting the proposal by Commonwealth Bank of Australia to internalise the management of the property trust was still in its “infancy” and that he couldn’t provide any detail on the bid. The manager’s board has set up a sub-committee made up of Ford,...

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