Kiwi Property appoints new GM Funds Management

NZX RELEASE
2 February 2021
Kiwi Property appoints new General Manager
Funds Management

Kiwi Property has today announced the appointment of Steve Penney as
General Manager Funds Management.
Steve brings 20 years of investment and finance experience to the role, including most
recently as General Manager, Investment, at Stride Property Group, where he was
instrumental in the development and execution of the company’s funds management
strategy. Prior to this, Steve worked as Investment Director and Partner at H.R.L Morrison
& Co Limited and Associate Director at PwC.
Kiwi Property CEO, Clive Mackenzie, said: “Funds management is a key opportunity for
Kiwi Property and Steve’s addition to the team will enable us to accelerate our delivery
in this area.
“We’re delighted to be welcoming an investment professional of Steve’s calibre to the
business and look forward to benefitting from his significant expertise, as we continue to
progress our funds management strategy.”
ENDS

Contact us for further information:
Campbell Hodgetts
Communications and Investor Relations Lead
campbell.hodgetts@kp.co.nz;
+64 27 5634985


About us:
Kiwi Property (NZX: KPG) is one of the largest listed property companies on the New Zealand
Stock Exchange and is a member of the S&P/NZX 20 Index. We’ve been around for over 25 years
and proudly own, and manage a significant real estate portfolio, comprising some of New
Zealand’s best mixed-use, retail and office buildings. Our objective is to provide investors with a
reliable investment in New Zealand property through the ownership and active management of
a diversified, high-quality portfolio. S&P Global Ratings has assigned Kiwi Property an issuer credit
rating of BBB (stable) and an issue credit rating of BBB+ for each of its fixed rate senior secured
bonds. Kiwi Property is the highest rated New Zealand company within CDP (Carbon Disclosure
Project) and is a member of FTSE4 Good, a series of benchmark and tradable indices for ESG
(Environmental, Social and Governance) investors. Kiwi Property is licensed under the Real Estate
Agents Act 2008. To find out more, visit our website kp.co.nz