Kiwi Property today announced the appointment of Steve Penney as Chief Financial Officer, effective immediately.

Penney has held the company's GM of Funds Management and Capital Transactions role since February 2021, and has over 20 years of investment and finance experience from organisations such as Stride Property Group, H.R.L Morrison & Co Limited and PwC.

CEO Clive Mackenzie said Penney has the right mix of skills to help guide the company through the next phase of its evolution and will add immediate value to the business.

Penney said he is looking forward to helping drive the business forward to deliver on its mixed-use strategy.

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