Kiwi Property sells Hamilton shopping centre for $46.7 mln

Tue, 22 Dec 2015

By Paul McBeth Dec. 23 (BusinessDesk) - Kiwi Property Group, the country's biggest listed property investor by market value, has sold the southern part of its recently developed downtown Hamilton shopping centre to an undisclosed local buyer for $46.7 million, a 3 percent discount to its book value. The sale of Centre Place South is conditional on the issue of updated unit titles and Hamilton City Council consent to transfer two ground leases, and is expected to be completed in the middle of 2016, the Auckland-based company said in a sta...

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