Kiwi Property retail traffic down just 8% in level 2 from a year ago

Kiwi Property retail traffic down just 8% in level 2 from a year ago
Jenny Ruth
Kiwi Property Group said visitors to its shopping centres since the country entered alert level 2 on May 14 have returned to being down just 8 percent on the same time last year.However, it has been improving day-by-day to being down about 5 percent on last year now, although some shopping centres, particularly the flagship Sylvia Park, have even been up on the prior year over the weekend, chief executive Clive Mackenzie told analysts.The Plaza in Palmerston North was a particular standout. "The only thing we can put that down to is it'...

More Property

Vector faces fresh complaint on unfair contract terms
Property

Vector faces fresh complaint on unfair contract terms

Vector faces more scrutiny over contract terms after Commerce Commission advice.

Garth Bray 02 Jul 2025
Vector ‘on notice’ for unfair contract terms; complainant now facing higher costs
Property

Vector ‘on notice’ for unfair contract terms; complainant now facing higher costs

A developer’s Fair Trading win against Vector feels like a loss.

Garth Bray 01 Jul 2025
Investore buys New Lynn Bunnings site for $43 million
Property

Investore buys New Lynn Bunnings site for $43 million

Investore Property has struck a deal to acquire the Bunnings complex in New Lynn, Auckland.The company told the market on Friday it had entered an unconditional agreement to acquire the property for $43 million.The 2.2-hectare site at 2–12 Titirangi Rd features an 11,000sq m buil...

Staff reporters 27 Jun 2025