Kiwi Property extends Sylvia Park landholding

NZX RELEASE
1 October 2021

Kiwi Property extends Sylvia Park landholding
Kiwi Property advises it has agreed to acquire 385 Mt Wellington
Highway, next to Sylvia Park Lifestyle in Auckland, for $27.5 million.
Settlement is scheduled to take place on 24 June 2022.
The 7,144 sqm property, which was originally developed as the Hertz
building and is currently occupied by the City Impact Church, will be
acquired with vacant possession. The high profile site has the potential to
accommodate a range of uses, including showroom, office and large
format retail.
Kiwi Property Chief Executive Officer, Clive Mackenzie, said: “This
strategic acquisition opens up a range of exciting opportunities to the
west of Sylvia Park, as we continue to evolve the asset into a world-class
mixed-use centre.”
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Contact us for further information:
Campbell Hodgetts
Communications and Investor Relations Lead
campbell.hodgetts@kp.co.nz
+64 27 563 4985


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