Kiwi Property plans $80 mln office tower for Sylvia Park

Wed, 17 Aug 2016

By Paul McBeth Aug. 17 (BusinessDesk) - Kiwi Property Group, the country's biggest listed property investor, plans to build an $80 million office tower as part of a broader development of the Sylvia Park retail centre in Auckland. The Auckland-based company has signed insurer IAG New Zealand as an anchor tenant for the office space, with early work starting next month and construction tipped to finish in June 2018, it said in a statement. IAG agreed to a 12-year lease amounting to 29 percent of total office space, with the total building...

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