Kiwi Property completes Northlands sale

NZX RELEASE
5 December 2022
Kiwi Property completes Northlands sale


Kiwi Property today completed the sale of Northlands Shopping Centre and
43 Langdons Road to Mackersy Northlands Limited Partnership.

The property was sold for $151 million ( net of seismic costs), comprising $144 million of
settlement funds plus $7 million of equity in the purchaser. Mackersy Property Limited
has agreed to acquire the equity stake on or before 30 November 2023.

ENDS

Contact us for further information
Campbell Hodgetts
Head of Communications and Investor Relations
campbell.hodgetts@kp.co.nz
+64 275 634 985


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 a corporate
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