Brief: Kiwi Property Agrees Terms For Conditional Vero Centre Sale

Kiwi Property

16/05/2024 01:28

May 16 (Reuters) - Kiwi Property Group Ltd  KPG.NZ :
    * AGREES TERMS FOR CONDITIONAL VERO CENTRE SALE
    * AGREED TERMS FOR A CONDITIONAL SALE OF VERO CENTRE IN
AUCKLAND
TO A HONG KONG CHINA BASED CONGLOMERATE
    * DEAL FOR NZ$458 MILLION
    * VERO CENTRE SALE IS CONDITIONAL ON OVERSEAS INVESTMENT
OFFICE
APPROVAL
    * FUNDS RAISED FROM SALE OF VERO CENTRE WILL BE USED TO
REPAY BANK
DEBT AND THEN RE-INVESTED INTO OTHER INITIATIVES


Further company coverage:  KPG.NZ 

 ((Reuters.Briefs@thomsonreuters.com;))