Kiwi Property's portfolio gained $100m between Sept and March

Thu, 25 Mar 2021

Kiwi Property Group said a draft property revaluation will deliver a 3.1%, or $100 million gain in the value of its properties in the six months ended March. This is on top of the $9.2m gain recorded in the first half of its financial year.The biggest increase in value was of its office properties, which gained 5.4%, or $52m, to just above $1 billion, followed by the 2.4%, or $38m, increase in its mixed-use centres including Sylvia Park to $1.62b.The retail portfolio's value fell 1.7% to $461m which Kiwi said was driven by an increase...

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