Kiwi Property to sell Northlands mall for $160m

Northlands centre, Papanui. Kiwi Property will continue to manage the property. (Image: Supplied)

Thu, 08 Sep 2022

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...

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