Kiwi Property/NPT deal gives scope to sharpen focus on Sylvia Park, First NZ says

Wed, 14 Dec 2016

By Edwin Mitson Dec. 14 (BusinessDesk) - A deal which would see Kiwi Property Group, the country's largest listed property investor, sell two buildings to NPT and take on the management of the smaller company's portfolio would allow it to advance its strategy of selling non-core assets, while also growing funds under management arm, analysis from First NZ Capital has concluded. Auckland-based NPT had been in a battle with major shareholder Augusta Capital, with Augusta seeking to take control of NPT's board and for NPT to buy three build...

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