Kiwi Property to sell Northlands mall for $160m

Kiwi Property to sell Northlands mall for $160m
Northlands centre, Papanui. Kiwi Property will continue to manage the property. (Image: Supplied)
Brent Melville
Kiwi Property has agreed to sell Northlands Shopping Centre and 43 Langdons Rd in Christchurch for $160 million as it pursues its 'mixed use' property strategy on the North Island.The NZ stock exchange (NZX) listed group and one of the country's biggest retail real estate owners with $3.6 billion in direct investment has secured a conditional agreement with MP Holdings 5, which is managed by commercial property investment and management group, Mackersy Property.The sale, which remained subject to the landlord's consent over the...

More Property

Triple Connection faces liquidation
Property

Triple Connection faces liquidation

The debt collector says the company "don't pay their bills".

Gregor Thompson 13 Dec 2024
Beachlands South development appeals settled
Property

Beachlands South development appeals settled

Appeals challenging the approval of a plan change for the Beachlands South development have been settled, paving the way for the multi-billion dollar project to proceed.“The success of negotiating a sensible outcome means that the development process can now move forward with the...

Staff reporters 11 Dec 2024
Winton 'stands to gain millions': MP
Property

Winton 'stands to gain millions': MP

The proposed fast-tracking of Sunfield is 'cronyism', local MP claims.

Maria Slade 11 Dec 2024
Olliver avoids bankruptcy – for now
Property

Olliver avoids bankruptcy – for now

A bid by BNZ to bankrupt the developer has been adjourned until February.

Maria Slade 10 Dec 2024