NORTHLANDS is a substantial freestanding single-level regional shopping centre originally constructed some 45 years ago. It was extensively redeveloped in 2004 with an outstanding mix of anchor tenants, and is the dominant shopping centre in northwest Christchurch.
Kiwi Income Property Trust acquired 50% of Northlands in March 1994 and the remaining 50% in March 1998.
About Kiwi Income Property Trust
Kiwi Income Property Trust (KIP or the ‘Trust') was founded in 1992, and a year later became New Zealand's first listed property trust. KIP invests only in New Zealand real estate, a mandate which it has followed since inception.
SINCE listing in 1993, we have been committed to building trust. At Kiwi Income Property Trust, our vision is to be New Zealand's leading property investment entity, with a diversified portfolio of high-quality assets providing superior returns.
Our clear, low-risk, conservatively-geared business model, together with our active approach to asset management and prudent capital management, has proven itself in even the most challenging of economic environments. Our model is simple, effective, pragmatic and sustainable.
The Trust is managed by Kiwi Income Properties Limited, a company which is ultimately owned by Colonial First State Global Asset Management, the largest manager of Australian-sourced funds, and in turn the Commonwealth Bank of Australia.
You can find out more about Kiwi Income Property Trust by visiting the website.