Kiwi Property to resume dividends as shoppers hit the mall

Dan Brunskill
Mon, 22 Jun 2020

Dan Brunskill
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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