Kiwi Property


PHOTO: SUPPLIED Kiwi Property chief executive Clive Mackenzie showing Franklin resident Juliet Reynolds some of Kiwi Property’s early concept plans for a Drury town centre.

Kiwi Property completed its first office building at Sylvia Park called ANZ Raranga and the first of two new car parks as part of its strategy to lift income from existing assets and build intensive mixed-use developments.

Stronger property revaluations drove profits higher for one of New Zealand’s biggest office and retail companies.

The after-tax profit of $138 million for the year ending March 2019 was well ahead of last year’s $120m.