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

Mon, 25 May 2020

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'...

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